Bull Market
A bull market is everyone’s favourite place to be when they have Bitcoin! This is when there’s a sustained period of upward fiat price movement of the underlying asset.Â
Depending on your time preference a bull or how far you “zoom out” on the charts, a bull market can be a week, months or longer, usually if the price appreciates by 20% in a given time frame, although there is no written rule. Typically, there will be a lot of green candles in the price charts of Bitcoin.
You will know you’re in a bull market when the confidence in everyone goes through the roof as everyone starts investing, pushing up the price further. Normies, no coiners, moonboys, noobs… they all come out to play on social media.
The reason for the term “bull market” is the way in which the bull attacks something, lowering it’s head and neck to then thrust upwards with some force, hence the link with the upward direction of the charts.
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