Bitcoin bull trap or more upward momentum to come?

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Bitcoin had a strong rally climbing over 37% this month from $26,851 to $37,000 before slowing down.

The rally indicated to many investors and chart watchers that a new bull run was on the horizon and that after reaching $37000, a correction was due.

Chart analysts predict Bitcoin will fall to $34,000 ranges before a new rally which may take it to $40,000 and eventually a new all time high.

Bears expect $30,000 lows before any higher movements but bulls making up the majority of traders believing a short correction is all that’s needed.

After showing weakness during Bitcoin’s run, Ethereum made a short push over $2000 while Bitcoin took a breather.

Investors and analysts see Ethereum reaching at least $4000 – $5000 in the oncoming bull run before euphoria kicks in and sends it back down.

During the recent run, Solana took everyone’s eyes off of Bitcoin and Ethereum by charging over 143%, causing the Solana ecosystem to surge in trading volume.

With Bitcoin showing weakness and a correction on the way, dedicated investors are at the ready to buy the next “dip.”

Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.

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John SommersJohn Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide.

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Author: John Sommers

John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide. With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players. Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values. Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.

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