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Are We Really in a Bull Run Already?
While Bitcoin (BTC) has been rallying, can we say we're in a bull run already?
In cryptocurrency markets, a bull run typically refers to a prolonged period of sustained price increases across a broad range of assets, not just one.
Positive Signs:
1. BTC's price increase: A strong rally in Bitcoin often sets the tone for the overall market.
2. Increased trading volume: Rising volume across exchanges indicates growing interest and participation.
3. Improving sentiment: Positive market sentiment, reflected in metrics like fear/greed indexes, can fuel further growth.
Cautionary Signs:
1. Altcoin performance: A bull run typically involves broad-based gains across altcoins, not just Bitcoin.
2. Market breadth: A healthy bull run should show strength in multiple sectors, such as DeFi, NFTs, and gaming.
3. Technical indicators: Overbought conditions, as indicated by RSI, MACD, or other metrics, may suggest a pullback. 2 replies
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