Posted 12/13/2023, 9:00:38 PM
Analyst Warns of Potential Bitcoin 'Bull Trap' Around ETF Hopes
- Analyst warns that crypto bulls are being set up for a potential "bull trap" and sell-off around the possible Bitcoin spot ETF approval
- Most traders still very bullish on crypto despite recent liquidations
- Analyst cautions Bitcoin could drop to $38K-$39K to "get the most people involved"
- Bitcoin spot ETF applications may be approved as soon as January
- Crypto veterans cautious about bullish impact of ETF approval, say any bounce could be temporary