Bitcoin Recovers Above $17,000, Why This Could Be A Bull Trap

Bitcoin is on another recovery path after suffering one of the worst declines of 2022. The digital asset had hit a low of $15,500 before bouncing back up, all of this happening in response to the decline of FTX, the second-largest crypto exchange by trading volume. The price of bitcoin had altered and recovered above $17,000, dragging the market back into the green, but this could only be a short-lived recovery.
A Bull Trap In The Making
With the decline that was seen in bitcoin and the general