Just scrolling through Reddit and I see a poll asking if this is a bullrun or a bull trap - most of the votes are for bull trap so at what point would this be considered a bullrun? I mean sure there are going to be people that are still not convinced at $50k. Obviously we have just been through a deep bear market with many many casualties in the crypto space and many big dominoes have fallen but it’s hard to not be optimistic watching Bitcoin rise whilst the financial markets sink currently - isn’t it?
Is there a point from a technical analysis perspective that we can firmly call this uptrend a bullrun and if it is a bull trap - what level would we need to see to agree it’s a failed bull trap ?
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