Bitcoin's price is at risk of entering a bear trap following a significant drop on July 4, settling around $57,000. Analysts are divided, with some forecasting a further drop to $44,000 if the price closes below the 200-day moving average of $58,000. Others, however, see the dip as a potential setup for a bullish rebound. Concerns about the bear trap scenario involve a short-term drop that entices bearish investors before prices recover, potentially causing losses for those betting on further declines.

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