Was $74K a bull trap? Bitcoin traders diverge on 2022 crash repeating
Bitcoin’s rebound to $74,000 sparked disagreement among traders as opinions diverged on whether the BTC price bottom is behind us.
Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price.
Key takeaways:
Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible.