This week on The Market Report, resident experts at Cointelegraph discuss whether the recent long-awaited rally in the price of Bitcoin (BTC) is a bull run and the start of the next bullish cycle or if it is just a bull trap and investors should be cautious.
We start this week’s program with the latest market news:
Will the price of Bitcoin go up or is it a bull trap? 5,000 Twitter users give their opinion
Bitcoin is trading at its highest levels in over two months, but the phrase on every trader’s mouth is “bull trap”. After offering 25% returns in a single week, BTC/USD remains under suspicion among survivors of the Bitcoin bear market. Twitter is abuzz with everyone from professional traders to newbies weighing in on recent price action. Some call it a bull trap, while others are a bit more bullish. We took a look at some of the trending tweets to get an idea of the market sentiment right now.
US Dollar ‘Death Cross’ Could Take Bitcoin Price to $25,000 by March
Bitcoin shows the potential to stretch its current price rally to $25,000 by mid-March, based on a mix of bullish macro and technical indicators. We take a look at some of these indicators and discuss what they mean for the Bitcoin price in the near future.
Bitcoin Hits New High After FTX Crash And Analytics Warn It’s A “Choreographed” Move
Bitcoin hit new two-month highs overnight on January 19 as suspicions about the validity of the market gained strength. Analyzing the composition of the order book for BTC/USD on Binance; Material Indicators expressed surprise that those betting on a higher Bitcoin price had not yet withdrawn their support. Can markets be manipulated in such a way? Is it something that has happened before or does it happen regularly, and how does it affect the cryptocurrency market in general? Our experts are here to find out and explain it in a simple way so you won’t be left scratching your head.
Our experts cover these and other developing stories, so be sure to tune in to stay up to date on the latest in the world of cryptocurrency.
Next, a segment called “Quick Crypto Tips“, whose goal is to offer newcomers to the crypto industry short and simple tips to get the most out of their experience. This week’s tip: What exactly is a bull run?
Below, market expert Marcel Pechman takes a closer look at the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What are the prospects for the coming months? Pechman explains it all.
Finally, we have information about Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Our analysts use the Cointelegraph Markets Pro platform to identify two altcoins that stood out this week, so be sure to tune in to find out which ones passed the test.
Do you have a question about a coin or topic that wasn’t covered? Don’t worry: jump into the YouTube chat room and leave your questions there. The person with the most interesting comment or question will have a chance to win a $50 gift certificate to the Cointelegraph Merchandise Shop.
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