Bitcoin Trades Above $16,500 – Could This Be A Bear Trap?

BTC’s price lost its all-time high of $18,000 as FTX fiascos continued to affect its price 
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 timeframe as the price reclaims the 50 Exponential Moving Average (EMA)The past few days for Bitcoin (BTC) have been rosy, with the price rallying from a low of $15,500 to a high of $16,500, with altcoi