Bitcoin’s (BTCThe relief rally climbed above $38,500 Jan. 29, but bulls have struggled to maintain higher levels. For the past few days, Bitcoin’s sentiment has closely followed the U.S. equity markets. Accordingly, analysts Warning to traders: Be carefulDon’t be fooled by weekend rallies that occur when traditional markets close. It could be a trap.

However, analysts at trading suite Decentrader said in a recent report that a “near-term relief bounce” is possible. The report also highlighted that “meaningful buyers” were stepping in and that could result in “a Possible change in the longer-term trend from bearish to bullish.”