Was $74K a bull trap? Bitcoin traders diverge on 2022 crash repeating

Bitcoinβs rebound to $74,000 sparked disagreement among traders as opinions diverged on whether the BTC price bottom is behind us.

Bitcoinβs rebound to $74,000 sparked disagreement among traders as opinions diverged on whether the BTC price bottom is behind us.

Ether traders said ETH price could see further upside as long as bulls defended the $2,100 support, fueled by renewed demand.

Bitcoinβs recent pullback toward $60,000 was likely a buy-the-dip opportunity with the price set to recover, several key technical indicators suggested.

A slowdown in profit-taking and defending the 200-week EMA support at $68,000 are prerequisites for BTC to break the next big hurdle at $75,000.

XRP analysts highlighted the potential for a rebound to $1.95 as the price broke above a symmetrical triangle amid persistent institutional demand.