Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.
I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?
Absolutely right, it doesn't look like a Bull trap, it is bounce back after almost 60% correction from its ATH. Historically the month of February has been Bullish for Bitcoin. It is sigh of relief that price has recovered almost 30% from its bottom of 33K but I think still it need to increase further to 53K to be sure that Bitcoin is in Bullish zone and massive rally is triggered in Alts market..