B. Rich, a member of the crypto community, believes the market is undergoing a shakeout and predicts a true bear trap if Bitcoin approaches the $200,000 level.

Despite the recent decline, some analysts, including Cyclop, suggest that Bitcoin's nine-month bull cycle may not be over yet.

As of February 20, 2025, Bitcoin is trading at $95,767, having experienced a decline of over 11% in the past month and falling below the $100,000 mark.

If historical patterns hold, Bitcoin could be in its six-month bear trap phase, which may lead to renewed optimism and Fear Of Missing Out (FOMO) among investors.

The crypto community has mixed views on the market's status, with some believing it is in a bear trap while others argue it is simply experiencing a shakeout.

A bear trap misleads traders into thinking a bull market has ended, resulting in a temporary price decline followed by a swift recovery.

Notable influences on Bitcoin's market include economic factors such as tariffs from US President Donald Trump and overall sentiment fluctuations in the crypto market.

Factors such as US tariffs under President Donald Trump and ongoing market volatility have contributed to Bitcoin's recent decline.

Historical data from previous bull runs in 2011, 2013, 2017, and 2021 indicates that Bitcoin typically enters a bear trap around the fifth or sixth month of a bull cycle.

Analyst Cyclop's observations suggest that the current Bitcoin market may have entered its bear trap phase, aligning with past cycles.

In previous cycles, Bitcoin saw a bear trap around the sixth month, except for 2013, when it occurred in the fifth month.

Rich also suggests that a long-term super cycle for Bitcoin may develop, potentially shifting sentiment from bearish to FOMO among investors.