According to Crypto Rover, Bitcoin is approaching the final stage of a bear trap, suggesting an imminent reversal that could trigger significant upward price movement (source: @rovercrc on Twitter, April 29, 2025). Traders should closely monitor resistance breakouts and volume spikes as these are strong signals of a shift from bearish to bullish sentiment. Crypto Rover’s chart analysis highlights that if Bitcoin decisively breaks current resistance levels, it may lead to short liquidations and a rapid price rally, presenting potential opportunities for long positions.

According to Crypto Rover, the current market condition is a bear trap, cautioning traders to avoid making hasty decisions. While emphasizing the potential for Bitcoin to reach $120,000, Rover suggests a strategic approach to trading amid volatile conditions. Analysts can consider this forecast while evaluating market trends and investor sentiment.