A bull is a trader or investor that believes the price of an asset or market will increase for a prolonged period of time.
Someone who believes this is said to have “bullish” sentiment, or a bullish attitude toward the market and future movements in price going up.
This attitude can be based on technical analysis, fundamental analysis, or a general economic outlook.
Bulls battle against “bears” on a daily basis, hoping to outnumber them and move cryptocurrency asset prices up.
“Bull” and “bear” are terms borrowed from Wall Street and stock trading to describe market participants who either think the market will go up (bulls) or go down (bears).
Typically, a market is considered to be in a bull phase if prices rise by 20% after a decline of 20%, and in a bear phase if prices fall 20% from their recent peak.
When you hear “bull”, think of an actual bull thrusting its horns in an upward motion.
When you hear “bear”, think of an actual bear slashing its claws down toward your face and the ground!
It’s important to note that being “bullish” doesn’t guarantee profits, as predictions about future market conditions can be wrong.