Was $74K a bull trap? Bitcoin traders diverge on 2022 crash repeating

Bitcoin’s rebound to $74,000 sparked disagreement among traders as opinions diverged on whether the BTC price bottom is behind us.

Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price. 

Key takeaways:

Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible. 

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