While there's no one-size-fits-all metric to pinpoint a bull market , there's a widely accepted definition: when prices surge by 20% or more from recent lows, you've got yourself a bull market. Now, #Prediction of bull markets is no easy feat. In fact, analysts usually spot them only when the rally is well underway. 👨‍💻

But don't worry; there are telltale signs to help you spot the bull:✅

Surging trading volume: As more investors jump on board to buy and hold crypto, expecting sweet capital gains, trading volume soars.

Increasing demand: In a bull market, crypto demand outshines supply as an eager crowd of #investors clamors to buy, but few are willing to sell. This fierce competition pushes prices higher.✍️

Tempting investor confidence: Rising crypto prices fuel investor confidence, enticing more people to enter the market, expecting handsome returns.

Soaring liquidity: Bullish markets boast higher liquidity, enabling lower transaction costs as investors anticipate swift, steady returns. 📉

Improving fundamentals: Companies grow more confident in taking risks, fueling international investment, business growth, product development, and feature updates. Surging profits drive more expansion and attract more manpower into the industry.🙌

If you never take fundamentals at face value, you might want to confirm the improving market sentiment by analyzing the charts.

Technical indicators analyze past price action to gauge where the market may head next. To tell if they are running into bulls, look for the following signs:

Bitcoin dominance: shows Bitcoin's share relative to other cryptos. During bull runs, dominance drops as money flows into #altscoins . A rising total crypto market cap combined with falling Bitcoin dominance often signals a bull market.🚀

The relative strength index (RSI): measures whether an asset is overbought or oversold, indicating wider bullish or bearish sentiment. Cryptos are overbought around an RSI of 70, signaling peak bull market momentum. Under 30 means oversold, suggesting a bull run may start.

Moving averages: track an asset's average price over time, like 200, 50 or 20 days. When the price stays above a long-term average, it points to an upward trend. If the price crosses above a shorter-term average, it may signal the start of a bull run.📈

#Write2Earn #The_Bitcoinbull

By @Bitcoin Bull