Long after bear trap💡
Bitcoin has trapped bears if we close the daily candle as it is now, we can see the false breakdown of the ascending trendline, traders that opened short positions following breakdown strategy have been trapped allowing smartmoney to buy at better prices while shortsellers will get stopped out creating more buying pressure, remember in order to get out of a selling position you need to buy back. My view is that Bitcoin could go to retest the next resistance around $26,000 area.
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