I'm not sure if it is a bull trap but I do think that this is not a bullish trend. One reason is that there is no concrete cause of the price increase other than what CIP have reported. This could just be a hype up but atleast, we saw one. Given that the market price suffered and struggled for a couple of months, it is nice seeing such thing because it simply shows that there is still hope given that many investors were discourage of the negative market behavior from the past few months.
I was thinking BTC was going to be on a down hill mostly until near end of 2023. Do you believe this is a bull trap or true recovery for next bull is now here?
I would be interested to see what you people think and why.
:3
I am not sure about the position of this market, many say that this is a trap and many say that now the Bull run is scheduled earlier.
But I didn't really pay attention to that, because I was just waiting for the timetable to continue my DCA this month to find the right price.
I'm only looking to accumulate long term, even though I'm quite interested in the price increase, but it seems I'm still going strong for DCA no matter what.
If this is a trap I'd be more than happy to wait for a price drop to add to my bitcoin portfolio.
The increase is more expected in 2024 regarding the anticipated Bitcoin halving. We may see spikes such as with what we have seen lately, as this year continues. As investors, we should really be taking advantage of the market behavior but we should not be too carried away by it given that this industry is way unpredictable.