Well, i don't believe that it is a bull traps in other swallow some people's money but it is the real break out after a long period of time that we all waiting for such move. There is a difference between pump and the normal increase in the market value of Bitcoin base on the current candles stick formation we have seeing so far.
I'm not convinced yet. Just a small bounce imo. We are not out the woods yet.
We are still in the accumulation phase which could last much longer than many here expect.
So investors and hodlers and need more patience. For day traders this moves are always welcome as they are making money with those kind of volatility.