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Get to know what the bull run phenomenon is in crypto

Liputan6.com, Jakarta In the crypto world, there are various terms that often appear, one of which is Bull Run. So, what is a Bull Run in crypto investment?

Reporting from the PINTU crypto exchange site, a crypto bull run means a crypto market that is experiencing an increase in prices within a certain period of time.

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During this period, many investors purchased assets, which caused demand to exceed supply, asset prices to rise, and public confidence in the crypto market to increase.

Simply put, a crypto bull run is a term to refer to crypto market conditions that are currently rising. One sign of a crypto bull run is when asset prices move up quickly, which indicates that the majority of investors are optimistic and look forward to rising asset prices in the future.

Market sentiment and positive feedback regarding crypto will cause crypto prices to continue to rise within that time period. So in short, a Bull Run is a situation where the crypto market is moving up within a certain period of time.

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Basically, a bull run can happen for any crypto, but one example is what Bitcoin experienced. According to William Suberg from Cointelegraph, BTC is one of the crypto assets that has the potential to experience a bull run based on its historical patterns.

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Apart from that, Suberg added, if the history of the crypto Bull Run repeats itself, Bitcoin could have the potential to grow by more than 300 percent in the future. Since it was first created, in 2009 to be precise, Bitcoin has experienced several bull runs, namely in 2013 and 2017.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.

Get to know what the bull run phenomenon is in crypto

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