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What is a bull trap, and how to identify it?

July 3, 2022 by DIGIT
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Newbie crypto traders should be wary of bull traps. If you suspect one is on the way, here are some tips to identify it.

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Stay updated with the latest trends and expert analyses in cryptocurrency on Digit Info, your go-to site for auto-bookmarked crypto news and insights from top sites

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  • bitcoinBitcoin(BTC)$85,470.00-0.60%
  • ethereumEthereum(ETH)$2,827.850.12%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$829.19-1.44%
  • rippleXRP(XRP)$1.81-2.59%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • solanaSolana(SOL)$119.55-2.74%
  • tronTRON(TRX)$0.2793300.05%
  • staked-etherLido Staked Ether(STETH)$2,828.190.13%
  • dogecoinDogecoin(DOGE)$0.122398-2.87%
© 2025 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$85,470.00-0.60%
  • ethereumEthereum(ETH)$2,827.850.12%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$829.19-1.44%
  • rippleXRP(XRP)$1.81-2.59%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • solanaSolana(SOL)$119.55-2.74%
  • tronTRON(TRX)$0.2793300.05%
  • staked-etherLido Staked Ether(STETH)$2,828.190.13%
  • dogecoinDogecoin(DOGE)$0.122398-2.87%