Bitcoin's price has dropped to $75,740 today, raising doubts about the bounce being a bear trap. Market sentiment has turned bearish, with year-end expectations potentially dropping to $55,000.
BTC/USD Chart: $75,000 Back in Focus
Today's Changes
Summary
Bitcoin has failed to maintain the rise to $77,500 and is gradually retreating to $75,000. What seemed like a positive bounce 48 hours ago now appears to be a bear trap. According to Polymarket's predictions, the year-end price could be $55,000.
Short-term bearish. What seemed like a solid structure yesterday now appears fragile.