This week in The Market Report, Cointelegraph resident experts discuss whether Bitcoin’s (BTC) recent and highly anticipated price rally is a bull run and the start of the next bull market, or if it’s just a bull trap and investors should be cautious.
We kick off this week’s show with the latest news in the markets:
Bitcoin price breakout or bull trap? 5K Twitter users weigh in
Bitcoin is trading at its highest level in more than two months, but the phrase on every trader’s lips is “bull trap”. After posting a 25% return in one week, BTC/USD remains suspicious among Bitcoin bear market survivors. Crypto Twitter is abuzz with everyone from professional traders to crypto newbs weighing in on the recent price action. Some call it a bull trap, while others are more optimistic. We take a look at some of the trending tweets to get a feel for the market sentiment right now.
Bitcoin Could See $25,000 By March 2023 As The US Dollar Prints ‘Death Cross’ – Analysis
Bitcoin is showing the potential to extend its ongoing price recovery to $25,000 in March, based on a mix of bullish technical and macro indicators. We take a look at some of these indicators and discuss what they mean for the price of Bitcoin in the near future.
Bitcoin Hits New Post-FTX High as Analysis Warns of Movement ‘Choreographed’
Bitcoin reached new two-month highs overnight on January 19, as suspicions about the validity of the market gained momentum. Analyzing the composition of the BTC/USD order book on the largest exchange, Binance, Material Indicators expressed surprise that those who bid Bitcoin higher had not yet received support. Can the markets be manipulated like this? Is this something that has happened before or is a regular occurrence, and how does it affect the overall crypto market? Our experts are here to break it down for you and explain it in easy-to-understand language so you don’t have to scratch your head.
Our experts cover these and other development stories, so be sure to tune in to stay up to date with the latest news in the world of crypto.
Next is a segment called “Quick Crypto Tips” which aims to give newcomers to the crypto industry quick and easy tips to get the most out of their experience. This week’s tip: What exactly is a bull run?
Market expert Marcel Pechman then carefully examines the markets for Bitcoin and Ether (ETH). Are current market conditions bullish or bearish? What are the prospects for the coming months? Pechman is here to fix it.
Finally, we have insights from Cointelegraph Markets Pro, a platform for crypto traders looking to stay ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so be sure to tune in to find out which ones made it.
Do you have a question about a coin or subject that is not listed here? Don’t worry – join the YouTube chat room and write your questions there. The person with the most interesting comment or question will win a $50 gift card to the Cointelegraph swag store.
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