The term bull is often used in the share market to describe a favorable economic condition, where the majority of investors are buying with positive sentiment. The buying tendency of the investors outweighs demand over supply which results in a price hike of that particular asset.
When the price hike continues, and investors become confident about the further price, this indicates an uptrend. This systematic occurrence in the share market is known as ‘bullish or bull market’. The bull market can also be seen with cryptocurrencies as well.
However, it is more noticeable in the cryptocurrency market where strong bull run phases occur. Being relatively smaller in size as compared to the traditional market, the crypto markets are always subjected to higher volatility.