We have just witnessed a bear trap playing out, yet I feel the bulls were all waiting for this on the sidelines, making themself vulnerable to the bulls trap as well.
the fall from the 2024 ATH in BTC has reached a fall of almost -30%, which is a rather low fall compared to the averages we've been used to in this cryptocurrency
theories:
1) this year's ETF and "institutional" entries have somewhat stabilized the market, and we will not be witnessing very shart drops till they are here
2) theory one is missing something, and a sharper move (down) will be witnessed, completing a further trap, a bull one this time, before the coin is let free to reach the long-awaited $100k
wish you all the best, trade safe.
-cam
the fall from the 2024 ATH in BTC has reached a fall of almost -30%, which is a rather low fall compared to the averages we've been used to in this cryptocurrency
theories:
1) this year's ETF and "institutional" entries have somewhat stabilized the market, and we will not be witnessing very shart drops till they are here
2) theory one is missing something, and a sharper move (down) will be witnessed, completing a further trap, a bull one this time, before the coin is let free to reach the long-awaited $100k
wish you all the best, trade safe.
-cam
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