Bitcoin

Bitcoin’s relief rally is at risk of a ‘bull trap’ as uncertainty weighs

Bitcoin’s recent relief rally, which took the largest cryptocurrency to a two-week high on Monday, is at risk of being short-lived as broader market uncertainty continues to keep investors on the sidelines.

A lack of bullish momentum, low volumes and ongoing macro tensions are combining to create the conditions for what some traders say is a potential “bull trap” in a directionless market. Market experts point to macroeconomic risks, including potential tariff escalations, inflation concerns, and geopolitical instability, which continue to cast a shadow over bitcoin’s price action.

Loading…

Bloomberg


Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.


100% secure your website.