It is also possible that this rise is a bull trap.
I find the terms 'bull trap' and 'bear trap' meaningless. It's so obvious that you need to consider these things when day-trading. That the price might retrace after going up or down too much.
As humans, our sense of narrative drives everything we do or feel, often to the detriment of being able to objectively analyse the facts.
Basically, we like to make a nice story to sum up what's happened to make it easy to remember and learn from.
Bearing that hindrance in mind, here's my prediction for BTC for the next 90 days:
Up down up up down up down up down up down down down up up down up up up up up down sideways.
