Bitcoin Hits Two-Week Lows but Bear Trap Hopes Grow

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Bitcoin fell below $78,000 for the first time since the start of May, but traders refused to give up hope of a BTC price rebound coming next.

Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains.

Bitcoin falls below $78,000 for the first time since the start of May.

Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds for risk assets.

Support weakness has traders looking at $75,000 and under next, while optimists see a "bear trap" forming.

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