This week on The Market Report, resident experts at Cointelegraph discuss whether recent and long-awaited Bitcoin (BTC) the price rally is a bull run and the start of the next bull market or if it is just a bullish trap and investors should be careful.
We start this week’s show with the latest market news:
Bitcoin is trading at its highest level in over two months, but the phrase on every trader’s lips is “bull trap”. After generating returns of 25% in a single week, BTC/USD remains suspect among survivors of the Bitcoin bear market. Crypto Twitter is abuzz with everyone from professional traders to crypto newbies weighing in on the recent price action. Some call it a bull trap, while others are a bit more optimistic. We take a look at some of the trending tweets to get a sense of market sentiment right now.
Bitcoin is showing the potential to extend its ongoing price recovery to $25,000 by 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 Bitcoin price in the near future.
Bitcoin hit new two-month highs overnight in January. 19 as suspicions about the validity of the deal grew. Analyzing the composition of the order book for BTC/USD on the largest exchange, Binance, Material Indicators expressed surprise that Bitcoin bidders have yet to pull support. Can the markets be manipulated in this way? Is this something that has happened before or happens regularly, and what impact does it have on the overall crypto market? Our experts are here to break it down and explain it to you in easy-to-understand language so you don’t have to scratch your head.
Our experts cover these stories and more in development, so be sure to tune in to stay up to date with the latest in the crypto world.
Next is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips on how to get the most out of their experience. This week’s tip: What exactly is a bull run?
Market expert Marcel Pechman then takes a close look at Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the prospects for the next few months? Pechman is here to break it down.
Finally, we have ideas for Cointelegraph Markets Pro, a platform for crypto traders who want 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 the difference.
Do you have a question about a part or a subject that is not covered here? Don’t worry, join the YouTube chat room and post your questions there. The person with the most interesting comment or question will have a chance to win a $50 gift certificate to the Cointelegraph swag store.
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