Bull or trap??

[Entei]

Good question. It's best to wait when prices break $4k, then the next target would be $4.2k. If we get into this situation and there is another break, it could be the beginning of a strong improvement. In fact, next week there will be important things going on, maybe there will be some pronouncement on ETF. I wouldn't be surprised if I suddenly went back to $3.2k and then down to $2.5k. In resume, I think that's difficult to do any analysis in the short term.

[irsykes]

22billion into the market ... in less than 48hours,  Is this a possible bull run?? or just a cat bounce?? What's your take on this??

Maybe only a trap if i look. Because there are no good news yet and sometime it is hard to make bitcoin price move if people not feel good thing will come with bitcoin. Maybe as traders we must know it and keep aware with it.

[iqlimasyadiqa]

Just some news that are creating some bullish uptrends but in my opinion this is not the start of the bull run and a major correction might appear sooner or later. I think until bitcoin halv we ain't gonna see a full bull run, maybe just some pumpish run like this one.

it does look like a pump, but we can see that the increase at this time has made the market even more excited. market conditions that were previously in a bad situation, we now get a positive situation. something like this can be maintained when all of us, bitcoin owners, give confidence in bitcoin. indeed, prices can change, but when we support the development of bitcoin, it is very likely that the price of bitcoin can survive on a positive track.

[evanescence]

There's a middleground between a bull market and a bull trap. We had a good run, we'll maybe squeeze a bit more of it with the good news surrounding ETH. But eventually there's nothing super substantial that could result in 6k bitcoins, $500 ether or $1000 bitcoin cash.

[crzy]

22billion into the market ... in less than 48hours,  Is this a possible bull run?? or just a cat bounce?? What's your take on this??

Maybe only a trap if i look. Because there are no good news yet and sometime it is hard to make bitcoin price move if people not feel good thing will come with bitcoin. Maybe as traders we must know it and keep aware with it.

This is because of the hardfork, its not a trap I think but more on the hype in the market as the ETH development will begin on February 27 if there’s no more delay. Its good that we actually pump after a months of a dump price, let’s wait for some confirmation before making any conclusion.

[Bonsaiav]

Just some news that are creating some bullish uptrends but in my opinion this is not the start of the bull run and a major correction might appear sooner or later. I think until bitcoin halv we ain't gonna see a full bull run, maybe just some pumpish run like this one.

it does look like a pump, but we can see that the increase at this time has made the market even more excited.

Although the increase has not been maximal, at least this has a good impact for those who have bought bitcoin a week ago. Now, hundreds of cryptocurrency seems to be trying to move towards better prices, I can only hope that this situation continues until the following weeks,  if it can be like that then we can ensure market conditions will recover soon.

[cryptomaster420]

There's reasons for this pump (Constantinople pumped ETH, Coinbase releasing BSV pumped BCH) but we're gonna drop eventually so you can count this as a trap.

[cryptojac17]

There's reasons for this pump (Constantinople pumped ETH, Coinbase releasing BSV pumped BCH) but we're gonna drop eventually so you can count this as a trap.

That's right this is not a trap but rather the day traders took a quick sell after sort of spikes of price. Just consider it as a good start to pump towards bull run and don't miss the chance of buying the glitches of the dip in the market. At least we're in the process of recover of bitcoin so every trader develop self confidence of waiting until good price has been achieved.

[samcrypto]

There's reasons for this pump (Constantinople pumped ETH, Coinbase releasing BSV pumped BCH) but we're gonna drop eventually so you can count this as a trap.

Yes, I expect this market to dump again because this is just a temporary hype and if something bad happen again with the hardfork of ETH people will panic again. I must say taking profit right now is good, and invest again if there's another bottom. Short trading might be risky, but you can earn a lot from this.

[Mianae]

Just some news that are creating some bullish uptrends but in my opinion this is not the start of the bull run and a major correction might appear sooner or later. I think until bitcoin halv we ain't gonna see a full bull run, maybe just some pumpish run like this one.

I share similar view with you until halving takes effect major bull run won't happen but we will keep seeing some rallies from time to time. Let's fast forward to next year after the halving to see what's in there for us.

[gembira]

I think this i starting of market recovery. And in few coming month we can see good grow. Fidelity going to launch platform for institutional investors in March. Big japanese gian Rakuten going to launch payment app for crypto in march too. With such big news and players market should be growing necessarily

[onrise]

I think this i starting of market recovery. And in few coming month we can see good grow. Fidelity going to launch platform for institutional investors in March. Big japanese gian Rakuten going to launch payment app for crypto in march too. With such big news and players market should be growing necessarily

This is the start of the market rise and had it to be trap it would have risen by 1k or so and not just 300$rise . So finally people who had being waiting for some upward movement it has begun and also investors will start making some profits in coming time .

[kyle999]

I also think that if the price of altcoins get pumping up and investors or traders supporting it and buying it. For me it's a big trap also to dump immediately.

[Johnzky]

22billion into the market ... in less than 48hours,  Is this a possible bull run?? or just a cat bounce?? What's your take on this??

Clearly it’s a trap mate,looking at the market prices now its another victimizing move from the whales

For those who re enter better get out now even with small profit or else you can lose the capitak again,i hate this people who manipulate’s market but theres nothing i can do but to keep safe for my investments

[chipzeru]

I don't know exactly whether this is a bull or trap but at least all of my sell orders were fulfilled during the recent pump. I'll wait and see how things turn out before taking the next step.

[mirakal]

22billion into the market ... in less than 48hours,  Is this a possible bull run?? or just a cat bounce?? What's your take on this??

30billion  now, the volume is growing and so as the price, these two going well together will probably result to a bull run.
This is a bull or a trap, depending on your understanding, either way, one can earn if they will be able to guess the price movement.
It's a battle between the bear and the bull, I'm a bull FYI, so not a trap for me.

[PryptoMontreal]

As per my predictions its just a trap and we won't see a bull run in near future. We might get to see bitcoin touch up to 4.2k$ by the end of this month but that'd be it. A big bull run can be expected in May 2021, that's when halvening will take place.

You can check the countdown over here : http://www.thehalvening.com/

Moreover, with the rumours about BAKKT Scheme, we might get to see a temporary rise in price but that's just a hypothesis. Well, we all are just hypothesizing things, bitcoin is no so predictable as it seems
 

[mrdeposit]

As far as i know, this numbers belong to BTC and this increase in volume has existed for a few days, so we can see it as upward resistance. I am hopeful this time, because it is clear that this should happen when the pieces are gathered together.

[Anies_Sandi]

22billion into the market ... in less than 48hours,  Is this a possible bull run?? or just a cat bounce?? What's your take on this??

Maybe only a trap if i look. Because there are no good news yet and sometime it is hard to make bitcoin price move if people not feel good thing will come with bitcoin. Maybe as traders we must know it and keep aware with it.

This is because of the hardfork, its not a trap I think but more on the hype in the market as the ETH development will begin on February 27 if there’s no more delay. Its good that we actually pump after a months of a dump price, let’s wait for some confirmation before making any conclusion.

That's right because from yesterday the increase in the market was quite good and this will be a very good market recovery and this is not a trap if I think

[DonFacundo]

I can not say bull run is starting just because the prices of cryptos are increasing, it could be a trap it can go down anytime we should wait for now let see what will happen in the next days.