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Bitcoin at a Crossroads: Bullish Breakout or Another TrapFollowing the recent bounce of BTC above $63,000, analysts have once again split into two camps — some see the beginning of a new bullish momentum, while others view it as a 'bull trap.' Who is right? What technical analysis says • EMA 200 (daily) is currently holding — this is a strong support signal. • RSI is close to the neutral zone (~52), allowing for movement in both directions.

Bitcoin at a Crossroads: Bullish Breakout or Another Trap

Following the recent bounce of BTC above $63,000, analysts have once again split into two camps — some see the beginning of a new bullish momentum, while others view it as a 'bull trap.' Who is right?
What technical analysis says
• EMA 200 (daily) is currently holding — this is a strong support signal.
• RSI is close to the neutral zone (~52), allowing for movement in both directions.
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