Bitcoin (BTC) recently rebounded, rising from a four-month low of around $77,000 to over $85,000. This sharp recovery has sparked debates among investors about whether it marks the beginning of a sustained bullish trend or if it is merely a bull trap - where a short-term push misleads traders before a new decline.
Market experts have differing opinions on Bitcoin's outlook. Arthur Hayes, co-founder of BitMEX, sees a potential drop to $70,000 as normal in a bullish cycle, suggesting that corrections are part of market growth.
Others, however, warn that the current price increase could be misleading, with further declines to come.
With the uncertainty surrounding Bitcoin's next move, investors are urged to remain cautious and conduct thorough analysis.
