Uptrend Phase of Crypto Markets Explained
2. Uptrend/Markup Phase
Characteristics:
• Prices begin to rise steadily.
• Market sentiment shifts from neutral/bearish to bullish.
• Increased media coverage and public interest.
Expectations:
• Higher highs and higher lows in price charts.
• Retail investors start to enter the market, driven by positive sentiment and fear of missing out (FOMO).
• Technological advancements or major positive news can act as catalysts.
Key Indicators:
• Breakout from the accumulation phase's price range.
• Increasing trading volumes.
• Positive news and developments in the crypto space.
• Technical indicators like moving averages crossing upwards.
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