Recently read the news that the volumes are growing at localbicoins in Canada and Europe. The news is really true, as I have checked this information through a special service.
What do you think? Is this a bull market signal or another trick?
Definitely not a bull market. Prices have only recovered slightly when the $6.6k bottom was found earlier on in the wee. I think there will still be some distance to go before we find the true bottom for this bear market and a real bull market starts emerging.
Should be a bull trap, it's not a trick of any kind. It's just normal market movements.
No idea why Localbitcoins volume is relevant because it could just be any whale dumping/selling coins or even wash trading. Who knows. But as I said, we're still in this bear market. Unless BTC can rise above $10k(which will most likely be at least the end of the year when that happens), I would not call this a start of a real bull market.