Bull Trap

A deceptive scenario in which the price of a cryptocurrency briefly rises, leading investors to believe in an ongoing upward trend, but is followed by a significant drop, tricking the optimistic “bulls” into making incorrect predictions.

A deceptive scenario in which the price of a cryptocurrency briefly rises, leading investors to believe in an ongoing upward trend, but is followed by a significant drop, tricking the optimistic “bulls” into making incorrect predictions.