What is the meaning of bullish and bearish in the cryptocurrency market?

1 answers

• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, defines bullish and bearish in the cryptocurrency market as follows: Bullish refers to a positive market sentiment where investors expect the prices of cryptocurrencies to rise. This sentiment is usually driven by factors such as positive news, increased adoption, or favorable market conditions. Bearish, on the other hand, refers to a negative market sentiment where investors expect the prices of cryptocurrencies to fall. This sentiment is usually driven by factors such as negative news, regulatory concerns, or unfavorable market conditions. It's important for investors to stay updated on market trends and indicators to make informed decisions in the cryptocurrency market.
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