A bull market (or bull run) is a financial market condition in which prices are rising. The term "bull market" is often used in the context of the stock market. However, it can be used in any financial market, including Forex, bonds, commodities, real estate, and cryptocurrency. In addition, a bull market can also refer to a specific asset, such as Bitcoin, Ethereum, or BNB. It can even refer to a sector, such as utility tokens, private coins, or biotech stocks.
You may have heard Wall Street traders use the terms "bullish" and "bearish." When a trader says he is bullish on the market, he means he expects prices to rise. When he is bearish, he expects prices to fall.
Bullish sentiment can often mean that they are also long in that market, although this is not necessarily the case. Bullish sentiment does not necessarily mean that there is an opportunity for a long trade right now, just that prices are rising or are expected to rise.
It is also worth noting that a bull market does not mean that prices do not fall or fluctuate. This is why it is more reasonable to view bull markets on larger timeframes. In this sense, bull markets will contain periods of decline or consolidation without disrupting the main market trend. Take a look at the Bitcoin chart below. Although there are periods of decline and a few strong market crashes, it has been in a strong uptrend from the beginning.