/biz/ - Business & Finance

>>53562779
I copy pasted the wrong part, this is what I wanted
>2. Is this merely a bull trap or the beginning of a sustained rally?

From experience, I wouldn’t go as far as to call this recent rise a bull-trap. But equally, I wouldn’t jump to call this the beginning of a bull market either. One of the reasons is that, despite the market looking promising, sentiment surrounding cryptocurrency worldwide has still for the most part been negative, and this is something I don’t envision will change until at least the second half of 2023.

>From what we have seen so far this year, I’m confident enough to say we’re approaching the “top of the range” regarding Bitcoin market prices, and it’s likely this will ease back down to a more familiar range of $15,000 - $22,000.