Bitcoin price has risen above $58,000 again! 🚀 With a 3% increase in the last 4 hours, BTC is trading at $58,400. The market had previously lost $100 billion and BTC had fallen below $56,000.

Altcoins were also in the red; ETH fell to $2,400 and BNB fell to $510. However, the bulls returned and erased most of the losses. This volatility caused $200 million in liquidations in the last 24 hours.

Some analysts say that this decline could be a bear trap. In addition, many investors who bought in the $61,700-70,500 range are currently at a loss. This situation indicates that BTC may face selling pressure as it approaches these levels. 📉