What is a bearish cryptocurrency market?

All this tendency to sell cryptocurrencies because of the fear that the price will go down, which as a result actually decreases the price of that cryptocurrency, is known as a bearish market. Bearish markets occur after a bull run and are usually a 20% price decline, which is then followed by another bull run.

What is a bullish cryptocurrency market?

As the opposite of a bearish market, a bullish market is categorized with inclining prices of cryptocurrencies and buyer optimism. When after a bearish run, the price of a cryptocurrency reaches new lows, investors are encouraged to buy cryptocurrencies because of the new potential to increase in price.

Is crypto a bull market?

If history is any guide, crypto has a bull market ahead of it for the next two to three years, he said. Bitcoin gained over 80% so far this year to around $30,000, but is still down more than 50% from its all-time high in 2021, according to CoinDesk data.

What is the difference between bullish and bearish market?

Hence, bearish as a term is used for a downsloping curve. Bulls, on the other hand, attack another animal by swinging their horns upwards. Hence, bullish refers to an upsloping curve. As mentioned, a bearish market is categorized with declining prices of cryptocurrencies and buyer pessimism.