What Are Crypto Bullish and Bearish Markets?

A bullish market in the context of cryptocurrency refers to a market where prices rise and investors are optimistic about future price increases. On the other hand, a bearish market is one where prices are falling, and investors are pessimistic about future price decreases. For example, in late 2021, the price of Bitcoin reached an all-time high of over $65,000. This was considered a bullish market for Bitcoin. However, the price of Bitcoin dropped significantly in 2022, which would be…