The term "bull market" can't be drawn away from the "bear market" simply because they are juxtapositioning each other. The cryptocurrency metric is volatile, inconsistent, fickle, changeable meaning that the coin price doesn't stay at a metric point for long. It's either it keeps rising or it keeps falling. The volatility of the cryptocurrency price either head towards upward or downward. The words Bull and bear market are normally use to ascertain how the cryptocurrency market price are predestined.
At what point we can consider cryptocurrency market a bull market?
As we all know that cryptocurrency price can be called a bull market if there's 20% reduction in cryptocurrency market value. In contrary,when the crypto currency market price is in the red zone which is bear market going by 20% reduction in value,so at what rate can we call a cryptocurrency price a bull market? Well,I feel there is no metric point that should be considered a bull market but when the cryptocurrency market rate keeps rising at a steady rate consistently without break of falling back,then we can consider it to be a bull market or maybe an increase in 40% from the current price appreciating consistently over 2 to 3 days. Like what is happening to Hivecoin in the last 24 hours,can it be considered a bull market run? Seemingly yes, at night,it has risen to $0.40 to $0.56 to 0.57,that is about 42% increase percentage within the space of 24hours.
Note that this is just my own take on and personal experience. I stand to be corrected where the need be. Thanks!🤜🤛🏿
