Bitcoin is rising but we do not know if this is going to last, maybe the growth will stop and then we will remain close to the current values for a month or two, and then the price goes down once again as the demand goes down and the supply goes up as people try to sell their bitcoin and try to recover some of the money they have lost, so it is my opinion the recovery we are experiencing is still not long and big enough to enable us to say that we could not touch prices below 4000 once again.
Do you think it is a bull trap? I hope it is not. Many analyst are quite sure that Bitcoin bear market had ended and the accumulation stage is almost done. The chart show a very bullish state and many Bitcoin bullish prediction are now spreading across the cryptosphere. (though they might some bearish prediction, maybe trying to turn the sentiment on the opposite way). The occurence of several higher low and higher ups is one of the signs and fundamentaly, financial analyst also thinks that fund from different insurance may go to the Bitcoin market because they wanted to take advantage of the volatility of cryptocurrency sees a higher probability of gaining more profit.