Crypto trading firm warns of 'classic bull trap' as Bitcoin tags $82.7K
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Crypto trading firm QCP Capital warns of a potential 'bull trap' in Bitcoin markets as US-China trade tensions escalate. The firm suggests that China's potential retaliation could quickly reverse the current market rally. Meanwhile, some analysts see potential opportunities in Bitcoin as yuan devaluation might drive capital flows into alternative assets.
April 10, 2025 | 10:45 am
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Bitcoin price could experience significant volatility due to potential Chinese economic countermeasures and yuan devaluation strategies.
The article highlights potential market volatility for Bitcoin due to US-China trade tensions. QCP Capital warns of a possible 'bull trap', suggesting investors should be cautious about the current price rally.
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