Bitcoin (CRYPTO: BTC) is down 4% in the past 24 hours after trading around the $21,500 level yesterday. As reported previously, the bull trap that pumped BTC from lows of $17,100 to $21,800 is now heading back to its bear trend as the market moves sideways.
As observed in the chart, BTC’s pump over the last weekend was a bull trap accelerated from its 18-month low. The decreasing bearish trend flipped upwards and now continues to decline as BTC trades at $20,170 at the time …
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