Anyone buying or thinking about buying bitcoin please don't.
We are seeing a short-term uptrend (blue line) in a long-term downtrend (red line)
The bull trap is the short-term uptrend which IS making investors feel the price has recovered and is going to a new all time high. This is not what is going to happen....
The blue support is going to break and a heavy drop will follow.
Bitcoin is in a bear market till August when I'm expecting the price to bounce and start climbing again. A new ATH is months maybe years away from happening again.