Crypto trading firm warns of ‘classic bull trap’ as Bitcoin tags $82.7K

Bitcoin may punish bulls if China raises the stakes in the ongoing trade war with the US, warns QCP Capital, as markets await a response to tariff hikes.

Bitcoin (BTC) risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns.

In its latest bulletin to Telegram channel subscribers on April 10, trading firm QCP Capital cautioned over the latest crypto price rebound.

Bitcoin and altcoins joined global stock markets in rallying over the past 24 hours thanks to a decision by US President Donald Trump to pause many of his new trade tariffs.

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