This week on The Market Report, the resident experts at Cointelegraph discuss whether the recent and long-awaited Bitcoin (BTC) price rally is a bull run and the beginning of the next bull market or whether it is just a bull trap and investors should be cautious.
We start 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 levels in over two months, but the phrase on every trader’s lips is “bull trap.” After delivering 25% returns in a single week, BTC/USD remains under suspicion 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 are calling it a bull trap, while others are a bit more optimistic. We take a look at some of the trending tweets to get a feel of the market sentiment right now.
Bitcoin could see $25K by March 2023 as US dollar prints ‘death cross’ — Analysis
Bitcoin shows the potential of stretching 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 the price of Bitcoin in the near future.
Bitcoin hits new post-FTX high as analysis warns move ‘choreographed’
Bitcoin hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum. Analyzing order book composition for BTC/USD on the largest exchange, Binance, Material Indicators expressed surprise that those bidding Bitcoin higher had not yet pulled support. Can the markets be manipulated in such a way? Is this something that has happened before or occurs regularly, and how does it impact the overall crypto market? Our experts are here to break it down for you and explain it in easy-to-understand language so you’re not left scratching your head.
Our experts cover these and other developing stories, so make sure you tune in to stay up-to-date on the latest in the world of crypto.
Next up 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 is a bull run exactly?
Market expert Marcel Pechman then carefully examines the Bitcoin and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.
Lastly, we’ve got insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so make sure to tune in to find out which ones made the cut.
Do you have a question about a coin or topic not covered here? Don’t worry — join the YouTube chat room and write your questions there. The person with the most interesting comment or question will have a chance to win a $50 gift voucher to the Cointelegraph swag store.
The Market Report streams live every Tuesday at 12:00 pm ET (5:00 pm UTC), so be sure to head on over to Cointelegraph’s YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.
Source: https://cointelegraph.com/news/is-this-a-bull-run-or-a-bull-trap-watch-the-market-report-live
