Bitcoin Has Hit The Last Bull Trap, But The Accumulation Level Lies Much Lower

Later during Q1 2026, Bitcoin experienced its first major bull trap. At the time, the price spiked sharply upward, drawing in late buyers and briefly reviving bullish sentiment before quickly reversing and resuming its decline. The move ultimately caught overleveraged traders off guard, leading to significant losses for those who entered near the top.

Notably, NoName has marked the $50,000 level as a potential accumulation area, and investors and traders could begin entering the market again to prop up their positions.  

After consolidating around this range for a bit, NoName projects that Bitcoin could rise sharply to his “mark-up” target between $95,000 and $110,000, before skyrocketing to a new all-time high above $130,000.