Bitcoin: Crypto Rally Just a Bull Trap?

For a whopping 431 days, since November 10, 2021, the crypto market has been going down. From the all-time high to the bottom, investors suffered a painful 77 percent loss. And that alone with the digital key currency Bitcoin. Many altcoins have suffered even worse and are close to a total loss.

The last seven trading days are of course balm for the battered crypto souls: Bitcoin went up a whopping 25 percent and still almost 21 percent for the total market capitalization. But the current bear market has also left its mark and caused a lot of skepticism. Is the recent surge really sustainable? Has the next bull run started? Was it just a good week in the market? Or is this a bull trap and BTC will soon fall to even lower prices?

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Bitcoin and crypto market sentiment

We let you vote on it and you took part in large numbers. Over 2,000 votes were cast on Instagram on January 14th and 15th. This is the result on crypto market sentiment:

Over 80 percent of you don’t trust the roast: Only 18 percent think this pump started the next bull market. 40 percent even consider the current price gains to be a bull trap and 42 percent simply see the market situation as a good week on the crypto market. There are now two ways of looking at this. The first: The masses are always wrong when it comes to investing, because the stock market means redistribution from the many to the few. Or secondly: The swarm intelligence is right. The future will show which approach is correct in the end, because we are all blind to the right of the chart.

Anyone considering investing in the crypto market should always do a good research on the projects in question. Here you can find out what you should pay attention to and what options there are from sample depots.