Bitcoin Shows Strength As Price Holds Above $16,500; Is This A Bear Trap?

 BTC’s price loses its previous all-time high of $18,000 as Binance rejects the FTX takeover, with the price responding with a decline to a region of $15,500. 
 BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. 
BTC’s price bounces from a low of $15,500 on the daily timeframes as the price aims for a recovery toward the 50 Exponential Moving Average (EMA)In the last few days