Bitcoin Shows Strength As Price Holds Above $16,500; Is This A Bear Trap?

Bitcoin Shows Strength As Price Holds Above $16,500; Is This A Bear Trap?


 BTC’s price loses its previous all-time high of $18,000 as Binance rejects the FTX takeover, with the price responding with a decline to a region of $15,500.   BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.  BTC’s price bounces from a low of $15,500 on the daily timeframes as the price aims for a recovery toward the 50 Exponential Moving Average (EMA)

In the last few days, the crypto market has been erratic, with the price of many altcoins, including Bitcoin (BTC), battling for survival after the news that Binance would not be taking over FTX after conducting due diligence. Previous weeks saw the price of Bitcoin (BTC) perform well, rallying from

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