Alt market today

[Kemarit]

Good news coming in that's why bitcoin trying hard to make steady on 40k$ and that makes a great bounce from the dip market. Slowly but surely market is recovering and alt cons will rally as well soon. It's just a matter of time, altcoins will fly high again along side with bitcoin.

We will have to see if it can sustained it's $40,000 run because we have seen it last month that when we go over that price, it tends to not hold itself and then goes back below in the range of $35,000-$39,000.

So I would say that we shouldn't rejoice, it's premature, and for me personally, as the market seems to eb leaning into a more of a bear cycle, the price could crash anytime, IMHO, so there is no bull run that is going to happen in the next couple of months but instead the price will be on that boundary only.

[onecall123]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap?

Still to early to say if we are in a bear trap or not, but personally it looks like it. Yes BTC is back to $40k but it's getting harder to get to the next price barrier which is like $43k-$45k. So it seems that someone is playing behind the market.

Heading up Or heading down. Under current market conditions, the market is more likely to break down. It may break down, but it's a great time to get in because it's a low-risk trade depending on where your stop loss should be. Since I began using bitcoin 5 years ago, it has been my safe haven.

[Tellek Garing]

BTC is back at 40k and some adults like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me, it looks like the market keeps going down.

To me, I have come to realize that not every coin can move when the bull market happens but I know major coins such as ethereum BNB which are Bitcoin paired will easily move in whichever direction the Bitcoin bull goes.

So is not surprising to see some altcoin markets moving while other shitcoins remain at low prices or even decrease in value during a bull market.

[TopT3ns]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

We are still in the war situation and I don't think this pump in bitcoin will be stable. Altcoins are showing some more progress because retail is looking bullish over bitcoin. I would suggest to trade with extreme caution at the moment. If the trade is absolutely necessary then make sure to use tight stoplosses.
We cannot say that bitcoin is bullish unless there is complete peace between Ukraine and Russia.

Altcoin progress looks slowly than bitcoin could growing up just few hours yesterday reach to $41,000 and several altcoin keep going down and slowly can reach up to higher price. I am still waiting with several altcoin progress could reach to higher price or not depend bitcoin keep not stable on the top price, usually bitcoin have difficult break out above $45,000 until $50,000 always stuck on $42,000 before going down again, maybe still war condition make bitcoin can't predicting and have good progress going to the top price and still not any good moment on March just waiting to the next month.

[Jose Mourinho]

today the market movement is very good where bitcoin has reached $40k again, ETH has also started to rise to $2.8k and other alternative altcoins such as BNB have also increased which have reached $387 of course this is a very positive move, but it is very difficult to say whether this increase can continue or fall again, because the crypto market is currently experiencing very excessive fluctuations.

[worle1bm]

The two altcoins you are referring to mostly follows the btc pattern as it is traded in pair so now it goes the same way.But still it's trap that is over or not can't be said because the prices are fluctuating between $38k-$41k up and down and at the last when some major boost will surge it then we would see the prices going above.But it can go down the circle again so you should ne ready for it also.

[Jackl87]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

It's very hard to tell or even impossible to tell where the overall direction of the market will be in the next few weeks and months, at least for me. I personally would hope that Bitcoin could stay above let's say 38k $ for a few weeks or so. I think that we need this phases of sideways markets in order to have enough substance for another bull market. I think the market in 2022 is still following the old patterns that it does since 10 years or so. Bitcoin is still the lead indicator for the whole crypto market. If Bitcoin drops all other coins will also drop and most of the times even more than Bitcoin itself. If Bitcoin rises though the altcoins don't rise instantly too. So we need a phase of a positive price development for BTC first before we see a growing altcoin market again.

[leea-1334]

today the market movement is very good where bitcoin has reached $40k again, ETH has also started to rise to $2.8k and other alternative altcoins such as BNB have also increased which have reached $387 of course this is a very positive move, but it is very difficult to say whether this increase can continue or fall again, because the crypto market is currently experiencing very excessive fluctuations.

I would be happier if Bitcoin could be at $50K again this year, as well as ETH at $3K and BNB at $500.
Because that is a very good price target if it can happen this year on the three coins I mentioned because if Bitcoin has improved its price from now on, then altcoins will have no more difficulty pumping in the market.

Then we might as well say we would be happier if Bitcoin was at ATH or at $100k then,,, of course everyone is happier if prices increase right? Well maybe except for leverage traders doing nothing but short trades. Which is why all of these levels now will not likely last because of short trading and for sure a lot of limits are also set at $50k BTC or $3k ETH

[Yaunfitda]

today the market movement is very good where bitcoin has reached $40k again, ETH has also started to rise to $2.8k and other alternative altcoins such as BNB have also increased which have reached $387 of course this is a very positive move, but it is very difficult to say whether this increase can continue or fall again, because the crypto market is currently experiencing very excessive fluctuations.

I would be happier if Bitcoin could be at $50K again this year, as well as ETH at $3K and BNB at $500.
Because that is a very good price target if it can happen this year on the three coins I mentioned because if Bitcoin has improved its price from now on, then altcoins will have no more difficulty pumping in the market.

Then we might as well say we would be happier if Bitcoin was at ATH or at $100k then,,, of course everyone is happier if prices increase right? Well maybe except for leverage traders doing nothing but short trades. Which is why all of these levels now will not likely last because of short trading and for sure a lot of limits are also set at $50k BTC or $3k ETH

For me $100k is out of the reach for this year, possible $50k, but I will not be surprised that we won't touch it as well. What I'm saying is that we are in bear market, so prices is very volatile but at the end of the day there is no dramatic rise in price like last year wherein we have a new all time high. So it's better to put on a conservative price. Same for altcoins, if bitcoin doesn't move that much this year, expect that the altcoin market might bleed.

[gantez]

If Bitcoin's current price is $40K and selling will make a profit, then I don't care if it's a trap or not. For me the price of Bitcoin is still safe even though some events are happening such as war. Besides that I also feel that Bitcoin will be able to pass the price of $40K and will reach a new ATH even though 2022 has been running for 3 months and signs of an increase are not 100% yet.

I think in same way to you. At $40k is still a bear price looking good to jump in . Buying at this price may be the low of this moment because the beginning of the year has below $40k and last week was trading for $38k, so maybe the price is gradual increasing in approaching second quarter.

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[quynhtranghn]

For me this phase is cumulative. BTC is still fluctuating between $36-46K. Therefore, if BTC breaks through $46K, the market will go up sharply. There is no downtrend this time.

[ItsCrafty]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

Monday to Saturday market looking bullish while Friday to Sunday Its looking bear. New listed coins showing great rise in price like Gmt amd Apes. I think its good for market because money is entering in the market and after that this money will be transferred to top coins like Dot,Sol,Luna,Eth. April may be a bullish month for crypto

[lenovop-70]

I think this is a new hope for a better market amid in the issue of war and monetary invasion from America. But what's happening now is still in the big coins like BTC and ETH as well as some powerful alts like BNB and SOL. For another weaker alts I believe it will move up when BTC hits the $44K mark. We'll see and hopefully my prediction is right because I still have a few bags stuck around that BTC's price.

[CottonEdwiin]

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[Vatimins]

     Honestly, I don't know. With all the crap happening in the world, the macro economic problems are increasing. These pumps and bullishness on altcoins, I don't trust completely at all. You know what I think? I thought nk that the ones buying are retailers and not whales or long term holders. Whichever the case though, it's better to be on the safer side. So I suggest that you stay on spot at the moment or if you really want to do leverage trades, keep your leverage 5x, if confident enough, 10x. Any more than that, good luck.

[Rocky993]

The position of BTC in the market now indicates a fairly better than before because the way Alt market was completely nervous in the way BTC was reducing the price a few days ago.  Now the fully alt market will take some time to return to its previous position.

[saladin7000]

in recent days the movement of the crypto market looks very good where most of the coins have increased, today I saw the movement of BTC, ETH, and BNB rose by a few percent, but personally I can't predict whether this increase will continue or will fall again, because the crypto market is currently very chaotic, but I really hope that this increase can be the first step to get into the bullrun market.

[Joyawan13]

BTC is back at 40k and some alts like BnB and ETH are slowly rising again is this another bear trap or bull trap? What are we looking at here? To me it looks like the market keeps going down.

The up and down movement of altcoin prices in the market in my opinion is a natural thing, because there are many traders who want to make profits, of course for those traders who have large enough capital they can certainly manipulate prices by increasing or decreasing the price of altcoins so they can achieve advantage, unlike bitcoin which is difficult for someone to control the price, because bitcoin is a decentralized coin.

[Doell]

Even in fact we will continue to see this cycle in the next few weeks too, there will be times when the bitcoin market and of course altcoin will correct again later. Already a few weeks ago actually the market cycle experienced conditions which I think is the best for the crypto market. Anyone will probably benefit in the medium trade