Bitcoin Bears Just Got Trapped But For How long

We are all excited about the bullish price bitcoin saw few hours ago. Bitcoin got more than a 20% price increase which was great because for a long time, even if there has been some regulation crack down against bitcoin and Chinese government banning crypto and bitcoin miners out of the country, there have been some great news regarding bitcoin. These News were supposed to make bitcoin either exceed the $60,000 price or sustain it.

source But I guess the bears were working really hard. The bears worked so hard I gave up the feeling of seeing bitcoin get close to $40,000. This was because they were really winning. You wake up in the morning to check your chart, and you see an outrageous bearish price and you are like “Not Again”.

Rumor has it that the morning bullish price of bitcoin we saw is just another manipulative move from the bears. They pump the price high because the know that lots of retail bitcoin investors make decisions based on FOMO. They think this might be a trap, drive the price up, agitate people to reconsider buying again, after they buy, they dump as usual making really good profits from the naive FOMO investors.

But at the same time this could be wrong and the bears are really trapped for real this time with no escape plan because they never expected it. And I sincerely wish they get trapped the more and watch bitcoin price soar to the price they never dreamt it would get.