Bitcoin Rally Above $76K is a ‘Trap,’ Analyst Warns of $50K Dip
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Analyst Sunil Gurjal warns Bitcoin's rebound above $76K may be a bull trap, citing repeated fake breakouts in 2026 that led to 10–14% drops. Gurjal says BTC could fall to around $50K before forming a base; current price noted ~$77,462 (0.9% 1-day decline, +4.2% 7-day). Retail buying into the bounce increases short-term market risk for traders; relevant crypto keywords: Bitcoin, BTC, price, dip, market risk, adoption.
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- Bitcoin’s rebound to $76K may be a bull trap, analyst Gurjal warns, citing repeating patterns.
- He points to a cycle of fake breakouts followed by 10–14% drops seen multiple times in 2026.
- Gurjal says BTC could fall to $50K before forming a base for the next major bull run.
Market analyst Sunil Gurjal warns that Bitcoin’s recovery to $76,000 may be another price trap rather than the start of a lasting rally. In a post on X, Gurjal noted that retail investors are buying into the bounce, repeating the same mistake that burned traders in 2022.
The warning comes as Bitcoin continues to flash short-term recovery signals that Gurjal says have each preceded steep declines.
For context, Bitcoin trades at $77,462, a 0.9% decline in the past day after hovering around $78,000. Despite the short-term pullback, the asset has posted a 4.2% gain over the past week, extendin…
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