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As of February 3, 2025, Bitcoin is trading at approximately $94,993, reflecting a 4.28% decrease from the previous close.
Recent analyses suggest that the current downturn may be a "bear trap," a scenario where prices dip to lure bearish investors before a significant upward reversal. In September 2024, analyst TechDev indicated that Bitcoin was in a "bear trap" phase preceding renewed optimism and potential
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