Bull Trap?

[thompshma]

Are we experiencing the Bull Trap today?

Will we see the market drop out this weekend as Bitcoin drops down to $7-8k levels?
Or is the market going to power through and push us up to new all time highs?

Personally I think some pullback might be healthy, there are lots of floors that have yet to be tested and I'm concerned that the growth over the past few weeks may have been unsustainable.

What are your thoughts?

[Justin Biebers]

It will be dumped to 5000 dollars and alts will lose 50% of their value

[MoonIsBlue]

John McAfee doesn't seem to think so, he changed the bet. Instead of 500k in 2020 its now 1m by 2020 or else he will ''eat my own dick on national television''

But ofcourse he's safe because they will never show this on national television...

[lukey]

Bear trap until bitfinex & bitconnect collapses

[Gaius Cryptus Tradius]

It is so crazy right now. 13% PUMP, is it a final dead cat bounce or start to go to the 25k?

[ekin4]

I think we saw small correction and still in bull run. I don't think it's a bull trap, we are still in uptrend.
I might be wrong but it seems to me like crypto-currency world is growing day by day. This is the effect of new money coming through this sector.

[HODL to the moon]

I think we saw small correction and still in bull run. I don't think it's a bull trap, we are still in uptrend.
I might be wrong but it seems to me like crypto-currency world is growing day by day. This is the effect of new money coming through this sector.

Chart technically BTC is still in an uptrend, I agree. But still seems like a too fast rise to me.

[NeuroticFish]

I think we saw small correction and still in bull run. I don't think it's a bull trap, we are still in uptrend.
I might be wrong but it seems to me like crypto-currency world is growing day by day. This is the effect of new money coming through this sector.

Chart technically BTC is still in an uptrend, I agree. But still seems like a too fast rise to me.

I agree. It's already 10940. It may rise to 12k and fall again. I expect a very interesting December.,maybe January too. But the general trend should remain upwards.

[bskousen]

We could possibly see a big correction if it goes parabolic again but with the CME hype it will probably continue to rise. I wouldn't be surprised if total mcap is over $350 billion by Monday.

[Jordan23]

I agree with you. I am not sure if the price increases in the last weeks are sustainable or future. The price of bitcoin has to fall a little bit. In addition, the price of altcoins should now go up.

[chichigirl]

I believe this is just a bull trap. I expect to see btc at 12k to be followed by another crash. Nxt target is 15k to 20k. I love this bull run.

Are we experiencing the Bull Trap today?

Will we see the market drop out this weekend as Bitcoin drops down to $7-8k levels?
Or is the market going to power through and push us up to new all time highs?

Personally I think some pullback might be healthy, there are lots of floors that have yet to be tested and I'm concerned that the growth over the past few weeks may have been unsustainable.

What are your thoughts?

[bandar]

It is almost the exact same pattern as in 2013-2014.  Bloody christmas & january ahead.

[5ensei]

I think it will plummet before Christmas as people cash in to buy presents and stuff in the sales. Just some whales pumping it up so they can get a bigger turkey! Or perhaps a bigger mining machine.