The post Bitcoin Tapping $81K Could Be a Trap: Correction Has Not Yet Ended, Says CryptoQuant appeared first on Coinpedia Fintech News
Bitcoin’s move toward $81,000 is giving traders hope that the market may be recovering. But CryptoQuant’s Bitcoin cycle indicators show that BTC has not yet reached the conditions seen near major market bottoms. Meanwhile, derivatives data points to continued leveraged trading. Could this rebound be a trap before another drop? CryptoQuant Signals Bitcoin Is Still …