We kick off this week’s show with the latest news in the markets:
Bitcoin price breakout or bull trap? 5K Twitter users think
Bitcoin is trading at its highest levels in more than two months, but the phrase on every trader’s lips is “Bull Trap”. After making 25% returns in one week, BTC/USD remains a suspicion among the Bitcoin bear market survivors. Crypto Twitter is full of everyone from professional traders to crypto newbies weighing in on the recent price action. Some describe it as a bull trap, while others are more optimistic. Take a look at some of the trending tweets to get a sense of the market sentiment at the moment.
Bitcoin May See $25K By March 2023 As US Dollar Prints ‘Death Cross’ – Analysis
Bitcoin shows potential to extend the ongoing price recovery to $25,000 by March, based on a combination of bullish technical and macro indicators. We take a look at some of these indicators and discuss what they mean for the Bitcoin price in the near future.
Bitcoin Hits Fresh Post-FTX High as Analysis Warns of ‘Dance Choreographed’ Move
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Bitcoin reached a two-month high overnight through January 19 as doubts about the viability of the market gained momentum. Analyzing the composition of the BTC/USD order book on the largest exchange, Binance, Material Indicators expressed surprise that those bidding higher than Bitcoin had not yet pulled support. Can markets be manipulated in this way? Has this happened before or does it happen regularly, and how does it affect the cryptocurrency market in general? Our experts are here to break it down for you and explain it in easy to understand language so you are not left confused.
Our experts cover these and other evolving stories, so be sure to tune in to stay on top of the latest in the cryptocurrency world.
Next up is a segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips for getting the most out of their experience. This week’s tip: What exactly is a bull run?
Then market expert Marcel Bechmann carefully examines Bitcoin and Ether
ETH
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$1,581 USD
markets. Are current market conditions bullish or bearish? What are the expectations for the next few months? Pechman is here to break it.
Finally, we have insights from Cointelegraph Markets Pro, a platform for cryptocurrency traders who want to stay one step ahead of the market. Our analysts are using Cointelegraph Markets Pro to identify two altcoins that stood out this week, so be sure to tune in to see which triggered the cut.
Do you have a question about a currency or a topic not covered here? Don’t worry – join the YouTube chat room and post your questions there. The person with the most interesting comment or question will have a chance to win a $50 gift voucher for the Cointelegraph swag.
The Market Report goes live every Tuesday at 12:00 PM ET (5:00 PM UTC), so be sure to head over to the Cointelegraph YouTube page and smash the Like and Subscribe buttons for all future videos and updates.
