Bear Trap? Bitcoin Price Dips Below $10K on Low Volumes

Bear Trap? Bitcoin Price Dips Below $10K on Low Volumes – CoinDesk

Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback. A widely-tracked 4-hour chart indicator is reporting a bullish divergence and the daily candlesticks are signaling seller exhaustion. BTC could rise above $10,270, confirming a falling wedge breakout on the 4-hour chart.