A bull run generally means that the stockmarket is going up, the value of assets is increasing and there is a lot of interest from the general public. A bull run is an opposite to the bear market, when the asset prices are going down without reversion.
2018 though was marked by something most observers called a bear market, even though Bitcoin is still more expensive in USD that it was several years ago.
In any case, to answer if we are in a Bitcoin bull run one needs to look at some of the signs that accompany a Bitcoin bull market (at least did so during the last bull run):
- Bitcoin price growth. Follow our Bitcoin to USD calculator to see price increase in the past 24 hours.
- Google search trends on Bitcoin, or Google alerts (have them set up!). This info will tell you how much the public interest has heated.
- Social media posts. Reddit, twitter, facebook all count. Especially if people that are normally far away from Bitcoin start talking about it – that’s a clear bull run indicator,
- Some commenters mention correlation between BTC and altcoins as a possible bull run indicator but that does not seem like a bullet-proof metric. Still, watch other coins sometimes too.
- Try to find indicators of “big players entering the market“. There would be a lot of rumors too, but tracking large Bitcoin purchases could work for that.
Are we experiencing a Bitcoin bull run right now?
[sept 5, 2018] Even though the Bitcoin price in USD went above $7k and holds that frontier for over several days, a bull run is unlikely. However, it’s completely possible to develop in the following months.
Here’s a compilation of latest tweets mentioning Bitcoin bull run and bullish sentiments: