Bitcoin bull trap . Bitcoin broke resistance at $31,411.48 yesterday. The crypto crowd rejoiced at the BTC relief pump, followed by the announcement of a 0.75% price hike.
Warning Bitcoin bulls trap. ! at www.publish0x.com
This 2018 Bitcoin Price May Hold Fractal Bulls, Bearish... Tan (Run) May Reach $60 Again; Bitcoin Recovers $20,000, But This Prominent Financial Personality Warns Of Potential Crypto Bull Trap Bitcoin Actually Reverses And Falls After Two Days.
This puts Bitcoin at risk of falling into a bull trap.
Buy Bitcoin and other cryptocurrencies locally. So choose to stay away from the stock market. However, when this happens, digital assets can help at a similar level, providing a bigger cushion at the start of the 12 months.
“Bitcoin Rally Won't Continue.
The trend strength indicator lends more credence to the potential bull trap theory and makes it clear that the bears are in charge and ready to enter the crypto price if needed. Crypto |: 04/02/2022 08:42:24. In our previous Btcusd post, we mentioned that this would be a major development.
Bitcoin returned to $20,000.
Until BTC reaches $30,000 or this optimism could be a bull trap. People are afraid that they will raise interest rates and put the economy into recession. With Bitcoin still hovering in the $31,000 range, a rally to $34,500 should happen at an impressive market pace.
Well, as long as Bitcoin continues to decline in the $31,000 range, a rally to $34,500 should be accompanied by strong market momentum.
In contrast, the trading volume decreased by 55.27%, which indicates that the market is oversold. In fact, Bitcoin reversed and fell two days later. Despite Bitcoin reaching $20,000, this prominent financial personality warns of a possible bull trap.
Bitcoin Videos, Bitcoin Price Analysis Videos show you the right way and why charts should be turned into a target.
On February 10, open interest (oi) for BTC increased by 5.33% from $2.25 billion to $2.37 billion. Bitcoin price is recovering, but any reversal after a sharp decline and more than 50% decline should be viewed as a potential bull trap unless the price is too high. Peter Schiff believes Bitcoin is in a serious trap and the bear market is still in play.
