What does the term 'mean bull' mean in the context of cryptocurrency?

1 answers

• Siddarth SarafMay 09, 2024 · a year ago
  In the context of cryptocurrency, the term 'mean bull' refers to a market condition where prices are consistently rising over an extended period of time. It signifies a strong and sustained upward trend in the market, characterized by increasing prices and positive investor sentiment. During a mean bull market, cryptocurrencies experience significant price appreciation, attracting more investors and creating a sense of optimism in the market. This term is often used to describe a period of bullishness and positive momentum in the cryptocurrency market. However, it's important to note that mean bull markets can also be followed by periods of consolidation or corrections, so it's crucial for investors to exercise caution and conduct thorough research before making investment decisions.
  794

  397