Its a bull trap now

[Mpamaegbu]

While I think the Bitcoin market has gone fairly on the rise from late 2020 till now I still think it isn't yet saturated to drop. At least, not at the moment. There's still room for upward movement. The alts season is not yet come until Bitcoin's dominance on the total market cap depreciates. As it is now, Bitcoin can still do more push, even up to $60k from the two different charts — 4hrs TF and Daily.

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[btc-facebook]

Yeah, I can fee it. Many experts still believe that the bullish to continue till the end of this year. But unfortunately, the market is dropping now, many crypto coins seem to decline their prices. I suspect this is a bull trap scheme, so whales want to collect more coins before the big bull run is coming. I hope it is really a bull trap.  

What is the reason for the bulls now is a trap?
You have to try to look at the big timeframes to see market trends, I see bitcoin bulls in big timeframes are still strong and will continue,
even altcoins have not gone up to the maximum, only a few coins whose prices have gone up, such as BNB, LTC and DOT, the price has gone up very high, while like BCH, BSV and XRP the price has not gone up, this indicates that the market has not reached a bullish peak.

[newwest]

This is nothing new that price drop happens, it has also happened in previous years too and knowing bitcoin is volatile up and down will always exists. Only thing if you are a long-term investor this falls should not worry you and also now we have so many big companies waiting to buy bitcoin and due to which price will come back and may continue to have a ATH.

[poodle63]

I have invested my money a few days ago in some altcoins and I just got a big return. The market is always unpredicted and you can't rely on the dump that happened with bitcoin.
This time the speculators and traders were seeing the fundamental of crypto. When it has big news to be announced and it will be pumped without needed the bitcoin to get the bullish trend again.
This time altcoins are different. More and more utility usages on altcoins.

[meldrio1]

Well yep it is really risky now to invest with high prices of cryptocurrencies because anytime the bear market will happen and you see almost all cryptos were already reached the ATH. For now the market is stabilizing so I don't think the market will continue to increase or will happen the bull market again but if you are brave to take the risk then good luck, buy now and hold until you earn profit.

[dogtana]

It is not bull trap nor is bull over. In this cycle BTC will go to 100k.

[sana54210]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

Why do people fear the increased prices, why do people think that whenever price is high it means that it has to drop? The fact is that the price doesn't need to drop at all, well surely it will drop one day but it doesn't need to drop right now and it doesn't need to drop 80% neither, it is something that we can actually prevent with all these new cash injections into crypto right now.

This is why I think it is obvious that we are not going to end up with any big drops and I feel like anyone who is afraid of a trap is just a person who declines the fact that people made a profit from holding bitcoin and they are jealous of those people who made this much money and they are creating possibilities out of nothing just to tell people that eventually they will lose money, otherwise there is really nothing that would be so radical about an increase.

[Kang TB]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

not a bull trap, its a reall bull
i'm sure we will not see the bear in the near time, also you should understand if the market now still in sideway my friend

[romero121]

Yeah, I can fee it. Many experts still believe that the bullish to continue till the end of this year. But unfortunately, the market is dropping now, many crypto coins seem to decline their prices. I suspect this is a bull trap scheme, so whales want to collect more coins before the big bull run is coming. I hope it is really a bull trap.  

I don't see this to be a trap. If this is a trap, we could've experienced some panic wave being circulated around. Till date the market discussion is going on, and there is nothing negative associated with bitcoin. So, I find the growth to be truly bullish and not a trap. In every market there will be traps, and with bitcoin too it happens. For now the growth is real and Whales doesn't have big role in it.

[JeffBrad12]

Market too early to be bearish, the end of February crypto experienced a correction with more than 20%

The dump happened caused by the whale and this time bitcoin already surpassed 50k rate again and i do believe if we will see another bullish trend will come very soon too.
The altcoins were massively recovering from the dump. The strong fundamental already created and the support is much stronger than before. If bitcoin can keep 50k position for the long time and it can make bitcoin will able to break 60k soon.
60k should be the next target and altcoins will be following bitcoin's bull run

[Kemarit]

Market too early to be bearish, the end of February crypto experienced a correction with more than 20%

The dump happened caused by the whale and this time bitcoin already surpassed 50k rate again and i do believe if we will see another bullish trend will come very soon too.
The altcoins were massively recovering from the dump. The strong fundamental already created and the support is much stronger than before. If bitcoin can keep 50k position for the long time and it can make bitcoin will able to break 60k soon.
60k should be the next target and altcoins will be following bitcoin's bull run

This is what we call healthy correction, LOL, dumped is just normal, others says that the miners are selling or any whales for that matter. Regardless, bitcoin is still in the bullish mode, we are half way of the projected $100,000 prediction again, and we are still in March.

Definitely, altcoins will also spike in this Bitcoin movement, there might not be correlation, or at least altcoin is moving on it's own direction, however, there is still the influence of Bitcoin to the altcoin market.

[nicecrypto]

While I think the Bitcoin market has gone fairly on the rise from late 2020 till now I still think it isn't yet saturated to drop. At least, not at the moment. There's still room for upward movement. The alts season is not yet come until Bitcoin's dominance on the total market cap depreciates. As it is now, Bitcoin can still do more push, even up to $60k from the two different charts — 4hrs TF and Daily.

I very much agree with you, I also believe the next real push upward for Bitcoin now is around $60k within the next few days, it was testing close to $52k earlier today and I believe we will see that $60K coming through soon. I don't think Bitcoin is done yet.


Still clearly Bullish in a bigger scale, trading in between the lines upward.


We are bouncing off the daily CPR "BLUE LINE" in an ascending pattern in the past three days now. If this trend continues, we are gitting to that $60k then we think of the next High.

[jaberwock]

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

I am completely agree with you. The bull market of 2017 lasted 4-5 months and the bull market of 2020 already completed 4-5 months. I think now the market will slowly go down. So those who are willing to invest anew should think a little more. I think now is the time to collect our profits.

I do not think that it was similar, people keep mistaking that period and this period a lot but the reality is that we are much much longer right now and we have different situations. To explain it more clearly, during 2017 we have reached to that 3k level thanks to bitcoin cash announcing they will be giving everyone free BCH if they are holding bitcoin, so during July or so everyone bought bitcoin and price reached to 3k and that was one increase, after that all the way to November nothing happened and in November to December we reached to 20k, and that was it.

Today we have been going up since October, but we also have a lot of big companies buying billions of dollars worth of bitcoin, we never had that before and now we have them on our side, so it is both longer and also the "reason" is much better this time around. This doesn't mean it will not go down, it just means it is not similar.

[bitterguy28]

I have gone a small research and grab some points and conclusions.

Now the market is extremely volatile and extra hype. So what ever the hypes now are temporary , bear market sure will come in next days.

If you have fresh investments , do not invest now. wait for 2-4 weeks lets see.  November to now almost 4 months came bull market without major bear signals. now pop out some signals. So now bulls are temporary. Please keep your hard earned money for weeks.

give opinion others.

Why  not tell that to your Bounty project team and members? temporary bull is a stupid thing here now lol.

and besides the Bull was here since November and now you are calling that a temporary, Common do you really understand what you are saying here>?

and that 2 weeks waiting ? it can be a Huge movement if we miss the investment just because of your advice .

[aryana42]

not a bull trap, its a reall bull
i'm sure we will not see the bear in the near time, also you should understand if the market now still in sideway my friend

Yes, my feeling is the same, we will not see bearish in the near future because the market conditions are still very likely to experience growth again this month, and especially for this year too, because the Bitcoin market trend is still looking very good at the moment, which of course will have a good effect on others as well.

[bitcon]

I think this year will be different from the previous ones. We will see both bullish and bearish trends, with bullish ones prevailing. The price of Bitcoin will go even higher, and after it altcoins will begin to grow.

The bull market is a convenient time for those who have invested and is waiting for its assets to grow. But if you know the rules of the crypto market, and in general of any market, if you correctly set up work for different trends, and not just wait for the arrival of either bulls or bears, then you can make good money.

Many say that this year will be BNB and NFT!

[goaldigger]

not a bull trap, its a reall bull
i'm sure we will not see the bear in the near time, also you should understand if the market now still in sideway my friend

Yes, my feeling is the same, we will not see bearish in the near future because the market conditions are still very likely to experience growth again this month, and especially for this year too, because the Bitcoin market trend is still looking very good at the moment, which of course will have a good effect on others as well.

We’re slowly coming back to $52k level and I don’t see this one as bull trap but a good recovery and sooner or later, we’ll continue the up trend. For now, we’re on a sideways where we need to break those resistance and stay above the support level. Though it happened in the past, doesn’t mean it will happen again so don’t panic and just keep on monitoring the price trend.

[shinratensei_]

the market is dropping now, many crypto coins seem to decline their prices. I suspect this is a bull trap scheme, so whales want to collect more coins before the big bull run is coming. I hope it is really a bull trap.  

It's a healthy correction caused by the whales were dumping their bitcoin and it's normal. Bitcoin is starting to build the support again and this time bitcoin is almost touching 52k. that's a good comeback by bitcoin dude.
It's not even a bulltrap. The market is starting to grow again gradually. The whales are seeking for the profit taken and that creates the correction but we should not feel worried about that,
There are lots of good news came and this is pressuring people to load more and more limited bitcoin before it will be taken by the big companies.

[Mtaiwo]

you might be right, because have been expecting that also, because the long trend of bull is quite much, so anytime from now will be bear, and people might have lost their minds in bull.

[dimonstration]

I think this year will be different from the previous ones. We will see both bullish and bearish trends, with bullish ones prevailing. The price of Bitcoin will go even higher, and after it altcoins will begin to grow.

The bull market is a convenient time for those who have invested and is waiting for its assets to grow. But if you know the rules of the crypto market, and in general of any market, if you correctly set up work for different trends, and not just wait for the arrival of either bulls or bears, then you can make good money.

Many say that this year will be BNB and NFT!

This year is totally different, its not like before that we will wait long to experience bullish market. Now that there are companies  who are already involved in the market we will be able to see a much active market unlike before that when one drops all prices will drop too high for long. BNB really get a good amount of new adapters same with they’re price is much actively trade able with its $240price now,indeed a year for BNB.