Bitcoin's $87K Surge May Be a Trap, Analyst Warns of Imminent Correction

A prominent analyst is warning that Bitcoin's recent surge to $87,000 may be a trap, and a sharp correction back to the high $70,000s is imminent.

The analyst notes that current patterns mirror the 2023 cycle, where a 'confirmed bottom' led to a painful pullback that wiped out overconfident traders.

Selling at $85,000 isn't just cautious, it's the only way to survive the coming dip before the next leg up, according to the analyst.