Bitcoin Price Forecast: Bitcoin Gives Up Weekend Gains, Indicating Potential Bull Trap as Momentum Fades

Bitcoin (BTC) starts the week on a weaker note, declining by more than 3% to around $103,000 at the time of writing this report on Monday after briefly rising over the weekend. The price movement has raised concerns among traders about a potential bull trap, especially with early signs of exhaustion showing in momentum indicators. Despite the continued positive inflows from companies and institutions in the form of Bitcoin exchange-traded funds (ETFs) and accumulation by Meta Planet, bearish sentiment appears to be gaining traction in the short term.