Bitcoin struggles below $80k amid signs the bottom is not yet reached, raising risks of a bull trap.

Bitcoin has reclaimed the $79k level but remains over 10% below its January peak, indicating many early buyers are still at a loss. Historical patterns and on-chain data suggest Bitcoin may still be in the early stages of bottoming, with more downside pressure possible. Heavy long positions near $77k increase liquidation risks, and a large leveraged short position hints at a potential bull trap. Investors should remain cautious as Bitcoin consolidates below $80k with uncertain direction ahead.