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A Bitcoin Rally to $90,000 Would Be the 'Ultimate Trap,' Analyst Cautions
Benzinga ·
Benzinga reports: Bitcoin could rally toward $90,500 before reversing sharply, according to one analyst’s chart, in a pattern he calls an “ultimate trap” for buyers. Why Analyst Sees a Bull Trap Forming Prominent pseudonymous trader Capo of Crypto on Thursday posted a chart on X laying out a four-stage move. Bitcoin first holds near $81,000 to $82,000, then rallies to $90,488, a level he labels the “ultimate trap” since it could pull buyers into expecting a real breakout. From there, he…
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