Bitcoin just cleared $73,000, but skeptical traders are already bracing for a bull trap

Bitcoin has broken above $73,000 after weeks of consolidation, but traders remain divided over whether the move marks a genuine breakout or another trap for late buyers. What to know : BTC climbed past $73,000, reclaiming a key technical level after trading sideways for weeks. Many analysts say the breakout could mirror January’s move that briefly surged before plunging from $98,000 to $60,000 within two weeks. With much of the market now expecting a reversal, some traders argue the risk is shifting toward a short squeeze if momentum continues.