Bitcoin Price Rises Above $58K Could This Be a Bear Trap

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Bitcoin has recovered most of the losses incurred earlier today. Is $60K incoming?

Bitcoin’s price is back above $58K, registering an increase of around 3% in the past 4 hours alone.

As CryptoPotato reported earlier today, the market had shed some $100 billion off its total market capitalization as the BTC price dropped to a monthly low of under $56,000.

Most of the altcoins followed suit, trading deep into red territory. ETH plunged to $2,400, while BNB bears were able to push the price toward $510.


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