Bitcoin ‘bull trap’ forming as bear market enters middle phase: Willy Woo

On-chain analyst Willy Woo warns that Bitcoin is forming a 'bull trap' as the bear market enters its middle phase. He believes Bitcoin's current price range hasn't reached its true bottom yet and expects further downside before a genuine cycle low forms.

• →Willy Woo warns Bitcoin is forming a potential 'bull trap' in current price levels.
• →The analyst believes the bear market is entering its middle phase rather than concluding.
• →Current Bitcoin price range is likely not the true bottom according to on-chain analysis.
• →Further downside is expected before a genuine cycle low emerges.
• →Market participants should be cautious of false bullish signals during this phase.