A crypto analyst argues Bitcoin's latest rebound is setting up a major bull trap, with a projected path that ultimately targets a fall to $42,000. The view compares the current structure to the 2022 bear-market sequence and outlines potential stops near $50,000 and $63,000. Bitcoin was quoted at $80,367 at the time of writing.

Bitcoin’s rebound above $82,000 has strengthened bullish sentiment, but an analyst argues the move may still be corrective rather than a clean breakout. The chart highlights a key resistance band between $85,200 and $93,000 that could determine whether the bounce extends or reverses. At the time of writing, BTC traded at $79,742, down 2% over the past 24 hours.

Crypto analyst Nehal outlined a Bitcoin trading roadmap in an April 5 post, describing how investor psychology may shift through 2026. He projected BTC could peak near $215,000 in May, which he framed as a gain of more than 200% from a current price above $69,000. The plan also sketches a possible bull-trap phase in June and distribution that could extend into July and August.

Shiba Inu (SHIB) was trading around $0.000006 in early April 2026, down about 35% year over year and well below the $0.00000923 area seen in early January. The token has remained in a three-month downtrend as Shibarium activity cooled, open interest fell to $54.25 million, and exchange inflows turned positive, pointing to ongoing sell pressure.

Crypto analyst LP says Bitcoin has not printed a definitive bottoming structure yet, even as BTC holds support and tries to retake $70,000. He argues prior bear-market bottoms typically arrived after repeated low sweeps and capitulation, and he continues to watch for a potential move toward $63,000. BTC was last seen near $69,100, up over 3% in 24 hours.

XRP's balance on Coinbase fell to about 101.86 million XRP in late March 2026 after a wave of withdrawals, alongside estimates that the exchange's supply is down nearly 90% over a few months. The outflows have been linked to a community backlash over Coinbase's stance on the delayed CLARITY Act, and some analysts say fewer tokens on a major venue could tighten available supply if demand returns.

Ethereum is trading around the $2,000 psychological level after failing to reclaim $2,151, leaving the next move uncertain in the middle of a wider multi-year range. The weekly structure cited by analyst Minga maps key downside liquidity levels at $1,537 and $1,384, with a potential macro-bottom region outlined between $1,190 and $1,148.

Bitcoin has slipped to $66,000 and then confirmed $69,000 as resistance after a bearish retest, setting up conditions that could allow a drop toward $45,000. The roadmap highlights overhead supply zones at $76,000–$79,000 and $88,000–$92,000, while keeping the bearish case active as long as price remains below $69,000. A reclaim of $72,000 is presented as the level that would challenge this downside framework.

XRP has been range-bound for the past few days between $1.30 and $1.35, a zone that an analyst says is pivotal for the next move. Based on an Elliott Wave count shared by crypto analyst Hov, the recent rebound appears corrective rather than impulsive, raising the risk of another leg down if support fails. Key areas mentioned include $1.15 as a deeper support and $1.50 as a level bulls would need to reclaim to target $1.80.