Bitcoin analysis sees 'bear trap' as BTC price passes two-week lows under $78K
CoinTelegraph·
60-second summary
Bitcoin's price has fallen below $78,000 for the first time since May, sparking concerns of a prolonged downturn. However, traders remain optimistic about a potential rebound, viewing the current situation as a 'bear trap.' They believe a bounce could occur, potentially leading to a resurgence in investor confidence and a subsequent market recovery.
Bitcoin fell below $78,000 for the first time since the start of May, but traders refused to give up hope of a BTC price rebound coming next.