Is it a Bear or Bull Market? Here is How to Tell the Difference
Cryptocurrencies are known to be extremely volatile. Their prices can rise significantly one month and then crash the next, leaving traders to wonder whether they are in a bear or bull market. This article explains how to identify the kind of market you are in to enable you to make smart moves. Read on to
Andrew Richard3 min read
Cryptocurrencies are known to be extremely volatile. Their prices can rise significantly one month and then crash the next, leaving traders to wonder whether they are in a bear or bull market.
This article explains how to identify the kind of market you are in to enable you to make smart moves. Read on to learn more.
1. Sustained Price Rallies: While crypto prices rise during a bear market, they do not last because sellers are more dominant. On the other hand, digital assets witness their prices rally steadily in a bull market due to the prolonged dominance of buyers. For example, Bitcoin rose from $9,500 to $69,000 during the 2020 – 2021 bull cycle.
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