Analysts Warn say Bitcoin Trap Dey Before $160K Rally
Crypto traders suppose make dem note say Bitcoin don extend im recent rally, e dey trade pass $108,300 and e dey eye to try retest im $111,980 high. Analysts no really agree for the upside outlook. Crypto analyst Cristian Chifoi talk say this move na false breakout wey dem design to trap bulls, e forecast say e go get small new peak between $113K–$120K by July 10–12 after dat e go pull back reach $97K by July 20. Him technical analysis include Bitcoin seasonality and Fed policy, e talk say if dem hold rates at 4.5% e fit support true bull run. On-chain strategist Rekt Capital see say Bitcoin dey resemble the 2020 cycle and e go peak around October, about 550 days after April halving. Standard Chartered still dey bullish on the changing post-halving dynamics. After July 20, Chifoi expect big crypto rally wey Bitcoin and altcoins like Ethereum, XRP, DeFi tokens (CRV), and ISO-compliant coins (IOTA, ADA, QNT), go lead, targeting $160,000 by early September. For another news, meme-focused Layer-2 project Bitcoin Pepe raise over $16.2 m for presale at $0.0437 per token, before July 31 listing.
Bullish
Even though analysts dey warn say false breakout fit trigger pullback go $97K for short term, holding key support levels and stable Fed rates fit set the stage for bigger bull run. With different views from Rekt Capital and Standard Chartered plus Chifoi’s mid-term $160K price target wey dem base on post-halving dynamics, stablecoin demand, and altcoin participation, traders fit expect renewed buying pressure after the late-July correction, wey show say Bitcoin get bullish outlook.