Bitcoin’s recent relief rally, which took the largest cryptocurrency to a two-week high on Monday, is at risk of being short-lived as broader market uncertainty continues to keep investors on the sidelines.
A lack of bullish momentum, low volumes and ongoing macro tensions are combining to create the conditions for what some traders say is a potential “bull trap” in a directionless market. Market experts point to macroeconomic risks, including potential tariff escalations, inflation concerns, and geopolitical instability, which continue to cast a shadow over bitcoin’s price action.
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Bloomberg