Bitcoin ’rallies are for selling‘: Top 3 arguments from BTC market bears

Many analysts say BTC’s rebound is a bull trap, warning its price could fall to as low as $40,000 over the coming months.

Bitcoin (BTC) climbed 14.50% from its recent lows at $80,600, inching back toward $93,000 as traders are at odds between a “comeback” by the bulls or the start of a bear market.

Key takeaways:

Analysts say Bitcoin’s rebound is a bull trap, with risks extending to as low as $40,000.

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