Is this rally a bulltrap?

[MrSpasybo]

The market is very hot as BTC price crosses $50K after more than 3 months in a correction phase. Most investors are happy because they have regained what they lost in the past 2 months, many investors are back in the market, and the market is also full of new investors. They forgot the pain of May 19.

I see BTC price is increasing too fast, and altcoins price is also being pumped very quickly. Is this a bulltrap to make investors get carried away and lose money like in December 2017?

What do you think we'll see in about a month? Will BTC hit a new ATH or go up to $58K and then fall to a very low level of $15K-20K? Can the total market capitalization reach $6.5T as predicted by many experts? Do you believe in the growth of the market or still think this is just a recovery in the down-trend?

[vegasus]

This is a started point of a bullrun, hopefully.
However, this is going to be the last quarter of this year, so maybe it can be a bullrun beginning.
But, stay calm and also wise guys, we may be trapped of something else. We know that many parties don't like crypto, so it probably there will be any big FUD to make dropped market again

[satpol_PP]

This is a started point of a bullrun, hopefully.
However, this is going to be the last quarter of this year, so maybe it can be a bullrun beginning.
But, stay calm and also wise guys, we may be trapped of something else. We know that many parties don't like crypto, so it probably there will be any big FUD to make dropped market again

Yes, you're right. It's started point of a bullrun, we will see the big pump and maybe bitcoin will touch $100K before end of this year.
keep calm, we will face several negative issue or FUD from Fudder.
But It will go with the wind.

[Cryptoz]

I see BTC price is increasing too fast, and altcoins price is also being pumped very quickly. Is this a bulltrap to make investors get carried away and lose money like in December 2017?

Every market condition needs certain carefulness and wisdom to face.
The BTC price rises significantly, but it has not passed the previous ATH. So, I think that the bullrun will be still going on.
I also agree with what has been said by @vegasus and @Satpol PP

[TomPluz]

As for me, it would be so hard to speculate if this can be the kicking start of another big bull run in 2021. However, we know that there can be solid basis for this jump as there is now immense interest on Bitcoin coming from retail and institutional investors...now the question is: will we be disappointed again or will be seeing a very exciting pumps from hereon? The fact is nobody knows. And of course, we can only wish.

[legend45]

I see BTC price is increasing too fast, and altcoins price is also being pumped very quickly. Is this a bulltrap to make investors get carried away and lose money like in December 2017?

Every market condition needs certain carefulness and wisdom to face.
The BTC price rises significantly, but it has not passed the previous ATH. So, I think that the bullrun will be still going on.
I also agree with what has been said by @vegasus and @Satpol PP

As brother cryptoz said we must be careful and wisdom, the bullish is happening now.
I think It will continue until end of this year, maybe until beginning next year.
We should nfoucs and do the right time, buy and sell the coins.

[MrSpasybo]

I think we are going through a Bear-trap right now, as BTC price is hovering around the EMA400 H1. In 1-2 days, it is possible that BTC price will close below H1 and generate false signals, causing many crypto holders to panic sell.
The best way is to keep our crypto tight for now. This is a good time to buy more crypto.

[de_prof]

I think we are going through a Bear-trap right now, as BTC price is hovering around the EMA400 H1. In 1-2 days, it is possible that BTC price will close below H1 and generate false signals, causing many crypto holders to panic sell.
The best way is to keep our crypto tight for now. This is a good time to buy more crypto.

Yes, As you said This is good time to buy more crypto currency. I have done it..
I see many investors have predicted crypto will have big pump before end of this year.
That's right, We will see the bullish season as long as Q4.

[Review Master]

If bitcoin can't able to surpass the $50.5k price level and trades above that, than we should be prepared for another correction just like previous one which was done after making new ATH. But as of now, i'm still positive about another bullish rally. Lets just wait and see whether bulls will take the position for another rally or they're going to profit out to make a bulltrap.

[Ferki]

I think we are going through a Bear-trap right now, as BTC price is hovering around the EMA400 H1. In 1-2 days, it is possible that BTC price will close below H1 and generate false signals, causing many crypto holders to panic sell.
The best way is to keep our crypto tight for now. This is a good time to buy more crypto.

Ok, we can talk about it later. But I can't remember that this is a forum for day traders

[Michael.sol]

There is alot of crypto influencers or predicter said that we must crossed 100K usdt per bitcoin before end of 2021 .
Alot of crypto investors are happy at this time because of market reversal moment .
We must closed monthly candel above 200 Ema as a confirmation of bullish trend . We must avoid day trading at this moment ( because market can take any action in bullish or bearish moments at any time 😉