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Bitcoin ’rallies are for selling‘: Top 3 arguments from BTC market bears
Bitcoin 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. Among those leaning bearish is CryptoBirb, who remained unconvinced, arguing that the current and upcoming Bitcoin price “rallies are for selling,” not signals of a renewed push toward widely cited year-end targets of $150,000 and beyond. The top arguments in favor of a Bitcoin bull trap mentioned a classic technical pattern dubbed the “bear flag,” a structure that, during downtrends, typically resolves with another leg lower. Mister ... (full story)
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