Cryptos start to weaken after a strong week

   Bitcoin and cryptos

After several falling weeks a strong week has rocketed Bitcoin and some of the better crypto up by around 25%.

However, they have started to fall back again.

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Bitcoin and cryptos

After several falling weeks a strong week has rocketed Bitcoin and some of the better crypto up by around 25%.

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However, they have started to fall back again, and I am watching the retrace to see if the recent sudden rise will turn out to be a bull trap or not.

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Bitcoin soared from around $3,200 to $4,100, then fell back to under $3,700, and is now back at the $3.800 price level.

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Ethereum has returned to the $140 level, and Stellar Lumens up to $0.875.

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Many of the junior cryptos have yet to return to their former levels, maybe investors are switching to the larger and better known cryptos?

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