What are the signs indicating the next bitcoin bull run?

3 answers

• Dec 20, 2021 · 3 years ago
  One indicator of a potential bitcoin bull run is a significant increase in trading volume. When there is a surge in trading activity, it often indicates increased interest and buying pressure, which can drive up the price. Additionally, positive news and developments in the cryptocurrency space, such as regulatory clarity or adoption by major institutions, can also signal a potential bull run. It's important to note that these indicators are not guarantees, and the cryptocurrency market can be highly volatile and unpredictable.
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• Dec 20, 2021 · 3 years ago
  Another sign of a potential bitcoin bull run is a decrease in selling pressure. If there is a decrease in the number of sellers willing to sell their bitcoin at current prices, it can create a supply shortage and drive up the price. This can be seen through a decrease in the number of bitcoin being moved from wallets to exchanges for selling purposes. However, it's important to consider other factors such as market sentiment and overall economic conditions that can influence the demand for bitcoin.
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• Dec 20, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, one of the signs indicating a potential bitcoin bull run is an increase in the number of new users and accounts being created. This suggests growing interest and adoption of bitcoin, which can contribute to a bullish market sentiment. Additionally, an increase in the number of transactions and active addresses can also indicate increased activity and potential price appreciation. However, it's important to conduct thorough research and analysis before making any investment decisions.
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