Bitcoin rebounds off 6-week lows amid warning of ‘brutal’ BTC price bull trap

Bitcoin rebounds off 6-week lows amid warning of ‘brutal’ BTC price bull trap

Bitcoin (BTC) reclaimed $39,000 on April 27 after another night of pain saw BTC/USD hit its lowest levels since mid-March.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

“All assets suffer” at hands of rampant dollar

Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency trading at $39,200 on Bitstamp at the time of writing, up 2.5%.

Tuesday had seen fresh trouble as soon as Wall Street trading began, Bitcoin following stocks downhill once again to…


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