Bitcoin Price Analysis Hints A Potential Bull Trap At $22500, Keep Holding?

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Bitcoin Price Analysis Hints A Potential Bull Trap At $22500, Keep Holding? - CoinGape

Quick Summary:

Though this newly reclaimed level should have offered coin buyers a suitable footing to lead further rallies, the coin price is struggling to sustain at higher levels.

The new year recovery in the Bitcoin price takes a halt after the breakout of $22500 resistance.

This resistance breakout should have accelerated bullish momentum to encourage further growth, but it seems the sellers are actively defending the higher prices.