Bitcoin Tests $73,800 Support in a Possible Bear Trap
2 videos · 1 channel · score 2.1k
Bitcoin pulls back to retest its $73,800 high-timeframe moving-average support after sliding from $83,000, with sentiment flipping to 'extreme fear.' The same channel covers the level break live over two consecutive days, debating whether it is a genuine breakdown or a shakeout bear trap.
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The coverage — 2 videos
Bitcoin Breakdown Or Massive Bear Trap? ($100K Still Possible)
Bitcoin's retest of the $73,800 high timeframe moving average amid 'extreme fear' sentiment is framed by the creator as a shakeout that keeps the market relatively bullish short-to-midterm, contrasting with the stock market's 'greed'.
🚨 Bitcoin Breakdown Or Massive Bear Trap? LIVE
Bitcoin creator Roy analyzes the May 28, 2024 breakdown below $73,800 support, questioning if it's a bear trap or a signal for a drop to $67,000-$68,000, with a weekly close below $75,000 as a bearish line in the sand.