According to the law, Bitcoin seems to rise sharply every four years. There seems to be a curse behind this, yes, it is the halving. With the occurrence of halving, the number of Bitcoins produced each year is getting smaller and smaller, and the cost of mining one Bitcoin for miners has greatly increased. Therefore, on the one hand, pulling the price can relieve the pressure on miners, and on the other hand, it can also attract retail investors to enter the market.


The emergence of a bull market is often when most people feel that this market is not worth staying in. The market trend is slow every day, and it fluctuates back and forth by just a few points, making most people lose patience and no longer care about the market. A bull market often appears when the overall environment improves, the capital market begins to be sufficient, and smart money begins to flow in. It also often comes when most people feel desperate and feel that this market is hopeless.


Let’s talk about some common characteristics of a bull market in the cryptocurrency world.

First, both Bitcoin and Ethereum have surpassed their historical highs from the previous bull market, which is a sign that a big bull market has begun.

Second, the Jiushen index ahr999 is above 10, the ahr999X index is below 0.2, and Jiangzhuoer's 60-day consecutive increase index is above 80%. These are basically bullish peaks.

. Third, the daily K-line price of Bitcoin and Ethereum deviates from the 60-day moving average by more than 30%, and the 60-day moving average continues to rise, indicating that people who entered the market at different time periods have made profits.

Fourth, the 30-day, 60-day, 120-day, and 200-day moving averages are dispersed, which means that the chips are no longer concentrated and are starting to be distributed. Everyone is making money, which is very dangerous.

Fifth, the exchanges hold a constant stream of activities, with basically 1-2 events a month. Project owners are launching projects while they have money, hoping to sell them at a good price.

6. Your circle of friends is full of people showing off their earnings, and your group is full of myths about getting rich quickly. You have also made some money, and you are excited and want to get rich like them.

7. The market capitalization share of Bitcoin has dropped to around 30%. As the market capitalization of altcoins has risen to hundreds of billions, it is dangerous at this time.

8. The turnover rate of trading volume is very high, and the trading volume can reach hundreds of billions of US dollars a day.

9. The Ethereum Foundation began to sell coins frequently, and their wallet assets began to be sold on exchanges.

10. There is constant good news in the market, one after another, there are endless stories to tell, and each story is different.


The bull market in the cryptocurrency market generally lasts from 6 months to 2 years. For example, from the end of 2016 to the beginning of 2017, the price of Bitcoin rose from less than 1,000 US dollars to nearly 20,000 US dollars, and the bull market lasted for more than a year. In early 2019, the price of Bitcoin gradually rose from 3,000 US dollars to a high of 14,000 US dollars in June. The bull market lasted for nearly 6 months. It should be noted that the rise and fall of digital currency prices are very unstable. The greater the price increase, the easier it is to adjust, and the greater the adjustment. Therefore, the duration of the bull market in the cryptocurrency market cannot continue to rise, and there will definitely be ups and downs.


Conclusion:
In short, the bull market is far from over, and the moment when all the coins will rise together has not yet arrived. Don't wait until you look back and regret why you didn't hold this coin or that coin, and regret it after you sold it for a while. When the market is over, the leeks will understand that the bear market is coming. The four most valuable words in the world are: faith, persistence, perseverance, and gratitude. People with faith have opportunities, people with perseverance change themselves, people who persist change their destiny, and people who are grateful retain their blessings.

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