Bearish Traders Grow Quiet as Bitcoin Successfully Reclaims Weekly MA200, Is a Bull Trap Brewing?

Bearish traders grow quiet as Bitcoin successfully reclaims weekly MA200.  Is a bull trap brewing for ETH traders? Bullish analysts believe a strong recovery will take over. The crypto community is debating between bullish and bearish dynamics once again as several bullish signals flare on the BTC price chart. Specifically, bearish traders grow quiet as Bitcoin successfully reclaims the weekly MA200. Could this signal the end of the bear market and a rise in crypto market prices? Could this truly be the start of the road to recovery or is this a bull trap brewing? Bearish Traders Grow Quiet as Bitcoin Successfully Reclaims Weekly MA200 The crypto market may be heading into a bullish phase, a move highly hinted at by the popular silver-tongued analyst, Doctor Profit. Earlier this week, this reputed crypto analyst and trader announced that he had closed all his short trades on BTC and has begun to systematically accumulate BTC, ETH, and COIN for the long-term. According to his bearish $40,000 BTC price expectation is no longer in play.  https://twitter.com/DrProfitCrypto/status/2079520974924591386 Instead, he sees heavy liquidity in the $54,000 price range, meaning BTC will likely surge once that price is hit. As we can see from the post above, he points to how bear traders have gone quiet as Bitcoin successfully reclaimed the weekly MA200 and is now approaching the Green Line. In his opinion, a confirmed breakout above the Green Line would open the path toward the $80,000 region as the next major target.  At the moment, the Green line is located at $66,200, just above the $65,000 that BTC is currently trading at. He also mentions that this indicator is a monthly one, so a monthly close above the Green line is required, however several daily closes above it will be an even greater sign for the asset. He says that even if Bitcoin gets rejected at the Green Line initially, it would not be a problem. In fact, he says that if that scenario plays out, he expects prices to consolidate sideways between the Green and White Lines before eventually breaking above the Green Line. Whether the breakout happens now or later, a confirmed move above the Green Line remains his primary expectation, and he has already begun to position to make the best of that inevitable move, making sure to accumulate ETH and COIN as well to start. Is a Bull Trap Brewing for ETH Traders? https://twitter.com/WhaleTwits/status/2079590804612391057 Meanwhile, another expert believes that a big bull trap is forming for ETH. As we can see from the post above, this expert believes that ETH trading close to $2,000 will soon surge above that range to reclaim $2,200 only to dip towards a final flush. This drop will take ETH price to the range between $900 and $1,300 before eventually rising to hit much higher prices, including ATH targets starting from $7,000.