False Bull Market or We Back

We are back again to the wonderful rise of cryptocurrencies after a long period in which many despaired, but it is okay.

Bitcoin rose again and crossed the 40 thousand dollar barrier after it was suffering at the 30k level, but there came some positive news that gave confidence to many investors to buy, which pushed the price up, and certainly including the news that crypto has become legal in India and other news that was not confirmed, but It all came to be a good start to February.

The price of Bitcoin is currently at $41,600, with a daily increase of 9%, which is the same rise for this week. Ethereum also moved wonderfully, and reached $ 3000, with a daily increase of 6%, and a weekly increase of 18%, to be considered the best among the top-ranking currencies.

As for the rest of the currencies, they rose by about 10% on average, which pushed the Market Cap to reach 1 trillion and 900 billion dollars, which also rose by 8%.

Did we lose the dip?

The question that many will ask, have we lost the opportunity to buy from the dip, or are we still at the dip? I tell you, from my point of view, that we are still at low prices and that the reduction is still going on, as you can buy from this level, even if some manipulation occurs.

But how does manipulation come? Some platforms may take advantage of this momentum and try to reduce the price to manipulate future traders, making them lose billions, but as we always say that our goal is the long term, so manipulation in the short term will not affect anything.

Another question comes is it False Bull Market and I think that the market cannot be judged as a bull market now and even after crossing the 45k barrier where we must continue for several weeks in this momentum with some minor corrections but without a strong drop in the market.

We are still at the beginning of February and it looks like it will be a good start to the year so keep your portfolio with as many different currencies as possible and also don't forget to leave some USDT in order to seize some opportunities when falling or correcting.