Crypto Market Cycles: Understanding Bull & Bear Phases What is a Market Cycle? The natural rise (bull) and fall (bear) of crypto and financial markets, driven by investor sentiment and economic factors. Bull Market – The Uptrend Prices surge as demand grows, optimism rises, and new all-time highs (ATHs) are reached. Bear Market – The Downtrend Selling pressure increases, investors exit, and fear dominates, leading to lower trading volumes. What Triggers Market Cycles? Macroeconomic factors, regulatory changes, whale movements, and investor sentiment shift the market.