In this week’s episode of Market Report, Cointelegraph’s resident experts discuss whether the recent price rally is a bull run or a bull trap. This week in The Market Report, Cointelegraph’s resident experts discuss whether Bitcoin is the near future and the long-awaited one.
BTC

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$22,884

A price rally is a bull run, and whether it’s the start of the next bull market or just a bull trap, investors should be wary.

We kick off this week’s show with the latest market news:

Bitcoin Price Breakout or Bull Trap? The number of 5K users on Twitter

Bitcoin is trading at its highest level in more than two months, but the phrase on every trader’s lips is “bull trap.” After delivering a 25% return in one week, BTC/USD remains under the shadow of doubt among survivors of the Bitcoin bear market. Crypto Twitter with everyone from professional traders to crypto newbies evaluating 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 understand the market sentiment right now.

Bitcoin Could Hit $25,000 By March 2023 As US Dollar Prints ‘Death Cross’ – Analysis

Based on a mix of bullish technical and macro indicators, Bitcoin looks likely to continue its current price recovery to $25,000 by March. 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 ‘choreographed’ move

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Bitcoin hit a two-month high overnight on January 19 as doubts about the market’s validity intensified. Material Indicators BTC/USD Order Book Composition Analysis The largest exchange, Binance, has yet to withdraw support for Bitcoin bidders. Can the markets be manipulated like that? Has this happened before or does it happen regularly and how does it affect the overall crypto market? Our experts are here to understand it and explain it to you in easy to understand language so you don’t have to scratch your head.

Our experts cover these and other developing stories, so tune in to keep up with the latest in the world of crypto.

Next is a segment called “Crypto Quick Tips”, which aims to provide quick and easy tips for newcomers to the crypto industry to get the most out of their experience. Tip of the week: What exactly is bullfighting?

Market expert Marcel Pechmann takes a close look at Bitcoin and Ether
ETH

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$1,636

markets. Are current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it.

Finally, we got insight 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 stand out this week, so be sure to tune in to find out which ones made the cut.

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 airs every Tuesday at 12:00 PM ET (5:00 PM UTC), so be sure to head over to Cointelegraph’s YouTube page and hit the like and subscribe buttons for all our future videos and updates.

Source: CoinTelegraph

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