Attention Traders! The Current Surge Seems to be a Temporary Relief Rally as Bitcoin May not Have Bottomed Yet

The global crypto market cap raised above $1.1 trillion as Bitcoin registers a notable growth beyond $24,000. Ethereum surged beyond $1700 while the other altcoins have also turned out to be bullish registering decent gains. While some believe the resurgence of a recovery phase has begun, many foresee a huge bull trap ahead.