Don’t Fall For The Bitcoin Trap: Analyst Explains Why Recovery To $76,000 Is Not A Good Thing

Bitcoin’s price action is struggling with bearish corrections, repeatedly failing to close daily trading sessions above $70,000. As it stands, Bitcoin is now moving in a tight range below $70,000, and crypto analysts are undecided on its next direction. Some see the current structure as a base for another push higher, but others warn that any bounce could invite new selling. Crypto analyst Sherlock is among the cautious voices, arguing on X that a rally to between $72,000 and $76,000 may not be a recovery but a kill zone for Bitcoin bulls source: https://www.newsbtc.com/news/bitcoin/dont-fall-for-the-bitcoin-trap/