Bitcoin Technical Analysis: Biggest BTC Bull Trap In The Making (April 2020)

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Bitcoin Technical Analysis: Biggest BTC Bull Trap In The Making (April 2020)

The price of Bitcoin has seen some minor retracements here and there but it seems ready to shoot towards $8k and potentially higher than that towards $8.4k-$9k to fill the CME Futures gap in the wake of Bitcoin halving. We would once again see a large number of retail bulls get overly excited and this time, they might be walking into the biggest bull trap in Bitcoin history. While we know that BTC/USD is printing a major bear flag which is very likely to lead to a major decline in the weeks and months ahead, we also know that this time certain conditions might be different.

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