Bitcoin analysts warn of $95K ‘bear trap’ despite record $102K monthly close
A bear trap is a form of coordinated but controlled selling that creates a temporary dip in an asset’s price, comprising a significant correction during a long-term uptrend.
Bitcoin may be headed to a “bear trap” below $95,000 despite staging its first monthly close above $100,000.
Bitcoin (BTC) fell below the $100,000 psychological mark on Feb. 2 for the first time since Jan. 27, Cointelegraph Markets Pro data shows
BTC/USD, 1-month chart. Source: Cointelegraph Markets Pro
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Author: Zoltan Vardai
