Bitcoin, a hidden trap after a 20% surge...Is it a real bull market or a trap?

▲ Bitcoin (BTC)

Bitcoin (BTC) surged approximately 20% from its low, stimulating market expectations, but it is still uncertain whether this rebound marks the beginning of a full-fledged bull market or, conversely, a trap.

According to Benzinga on April 22 (local time), Bitcoin recovered to the $76,000 level, rising about 20% since its February low. This rebound occurred even amid ongoing geopolitical uncertainties, and the market is currently considered to have entered a critical juncture.

Some analysts interpret this rise as a sign of a shift in market structure. They suggest that the combination of institutional capital inflow and improved investor sentiment could lead to a new upward trend beyond a mere rebound. In particular, the steady inflow of buying pressure during the recent price recovery is cited as a positive signal.

On the other hand, caution is also significant. There is a view that the current trend is a typical 'relief rally,' given that similar rebounds in past cycles were repeatedly followed by further declines. This is a warning that the pattern of the market attracting investors with a short-term rebound and then falling again could recur.

In particular, macroeconomic uncertainties remain a variable. With geopolitical tensions, monetary policy direction, and liquidity conditions simultaneously influencing market direction, it is difficult to conclude a trend reversal based solely on a short-term rise, according to ongoing analyses.

This rebound is assessed as a movement formed at a juncture where expectations for a bullish reversal and caution collide head-on. The market has entered a key turning point that will determine whether the upward trend continues.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*