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Bull Trap

A false signal in which the price of a cryptocurrency appears to break out above resistance, tempting buyers to enter long positions, before reversing sharply downward. Bull traps can lead to significant losses for those caught on the wrong side.

Mike Starr

Founder, CryptoWizardTools · M.S. Organizational Management

Last reviewed: August 2026

Related Terms

Dogecoin

A cryptocurrency created in 2013 as a lighthearted alternative to Bitcoin, featuring the Shiba Inu dog meme as its mascot. Despite its origins, it has grown into one of the largest cryptocurrencies by market cap.

TPS

Transactions Per Second. A metric used to measure the throughput capacity of a blockchain network.

ICO

Initial Coin Offering. A fundraising method where new cryptocurrency projects sell tokens to early investors to raise capital for development.

Flippening

A hypothetical event in which Ethereum's market capitalization surpasses Bitcoin's, making Ethereum the largest cryptocurrency by market cap. The term is used by Ethereum supporters to describe this potential milestone.

Vesting

A schedule that restricts the sale of tokens for a period of time, often applied to team allocations or investor tokens to prevent large sell-offs.

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BTC/USD · 4H

Confidence

87%

BULLISH

Support

$63,200

Resistance

$68,500

HH + HLBull FlagRisk: Med
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