Is the #Bitcoin price dip a bear trap?

The recent 7% bitcoin price drop Triggered by sell signals and profit Taking has prompted debate on whether it Signifies a market reversal or a buy the Dip opportunity despite the significant Pullback and long liquidations the Longer term view suggests it might be a Minor correction within an established Bullish Trend key levels at $31,800 and $225,200 remain untouched Supporting the notion of a healthy Correction within an on going uptrend Corrections are deemed normal in upward Trends and if followed by a rebound they Indicate a positive Market however Considering historical pullbacks in Bitcoin's past bull markets a drop of Over 20% can't be ruled out maintaining Above $42,000 could reinforce the notion of a Short-term dip rather than a complete Reversal for all the latest crypto news And updates subscribe to the official Cointelegraph YouTube Channel

Coinbase
OUR TAKE

Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.

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