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Bull trap fears engulf Bitcoin market as BTC paints CME gap below $40K

In retrospect, the downside risks heightened due to Bitcoin’s recent bearish pullbacks near the $40,000 level. Atop that, the said CME gap formed between Friday’s close of $37,325 and Monday’s open of $38,900, raising possibilities that the next correction would prompt Bitcoin bids to fall to at least $37,325.

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Source: Cryptocurrency - investing.com

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