Bull Market

Bull market is a positive trend in prices of a market. It describes when a market experiences prolonged price increases.

Due to trader’s activities in a market, we know asset prices can go up and down multiple times per day. However, if over a long-term period most assets exhibit an upward trend, that market can be described as a bull market or bullish.

The cryptocurrency market has displayed a bullish dynamic over the years of its existence since January 2009. Bitcoin (BTC), the original and largest cryptocurrency, has gone from $0.003 per coin in March 2010 to about $15,000 in November 2020, despite multiple — sometimes massive — declines along the way.