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Bitcoin Price Could Surge To $95,000 — But Analyst Sounds ‘Bull Trap’ Alarm

  • The Bitcoin price reached $88,500 early in the week but retraced to $84,000 at the end of the week.
  • The recent price correction followed the release of US inflation data and the expectation of delayed rate cuts by the US Federal Reserve.
  • Crypto analyst Crypto Capo suggests that the Bitcoin price could fall to the $62,000 - $69,000 range, after a possible bull trap reaching $95,000 - $100,000.
  • Currently, the price of Bitcoin is around $83,300, reflecting a 3% decline in the last 24 hours.

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