There are two things we hear often in exchanges and especially in cryptocurrency exchanges: Bull season and Bear season. So what is this Bull and Bear season?
Cryptocurrency exchanges are in certain trends periodically. In general, all cryptocurrencies rise or fall during these periods, which last for months or years. The season with an uptrend is called the Bull season, and the season with a downtrend is called the Bear season.
However, during these periods, there is no rule that the market will rise every day, and the prices of cryptocurrencies will increase. It is the same in the bear market. In a bear market, some days or weeks are also bullish. But this does not break the general trend. Although there are decreases and corrections in the bull market, the direction is always up. The opposite is true in a bear market.
The rising process, which started in the summer of 2020 and became evident in October, started a bull season in cryptocurrencies. During this period, the price of Bitcoin rose from $ 15 thousand to $ 60 thousand. Now everyone is wondering how long this rise will last.
According to experts, a Bear market is not expected to start until the end of 2021. In fact, most analysts think that the bull season in cryptocurrencies will continue in 2022. So for now, it seems that there is nothing to panic in the market.
During the bull season, decreases and corrections can be seen from time to time. There may even be drastic price drops. At such times, those who panic and sell their cryptocurrencies usually lose if they do not buy from below. Then they have to replace the same money by paying a higher price. For this reason, it is necessary to be careful in the incoming sales waves while the uptrend continues. These selling waves provide a buying opportunity to collect crypto at a lower price. That’s why professionals often wait for periods when everyone else is selling to buy.
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