Bitcoin ’rallies are for selling‘: Top 3 arguments from BTC market bears
Many analysts say BTC’s rebound is a bull trap, warning its price could fall to as low as $40,000 over the coming months.
Bitcoin (BTC) climbed 14.50% from its recent lows of $80,600, inching back toward $93,000 as traders were at odds between a “comeback” by the bulls or the start of a bear market.
Key takeaways:
Analysts say Bitcoin’s rebound is a bull trap, with risks extending to as low as $40,000.