Digital assets are non-physical assets that are locked with cryptographic passwords and have value. This digital asset can be accessed as long as there is an internet connection. The process of its creation is done through a complicated mathematical and encryption process. In digital assets, you will learn many terms, one of which is the term that will be discussed in this video.
Bearish is a condition in the crypto market where the market is experiencing a downtrend or weakening. The decline in the crypto market was influenced by economic growth which slowed down and even decreased from the previous year. Some of the factors are rising unemployment, trade balance deficit, negative growth in corporate profits, and other factors.
In contrast to bears, bullish is a positive trend that occurs in the crypto market, where the state of the crypto market is rising. If this is the case, investors and traders should not have to worry about their assets.
When the market sentiment is bullish, it means prices are rising. For example, an investor who is bullish on a crypto asset buying it, sends the price up. In another example, bullish investors in Company A think their crypto assets have a bright future, so they add to their assets, sending prices soaring. Investors can also become bullish on commodities such as wheat or soybeans, so they buy futures for those commodities, sending prices up.
When the market is bullish or bearish, you still do your own research (DYOR) when you want to buy or sell crypto assets!
Then, how can you know what position your crypto asset is currently in? To find out, you can visit the Coin Rating page on the Indodax Academy website, on the right, there is a signal indicator that shows whether the crypto asset is bullish or bearish. You can also see a list of all your favorite crypto assets listed on Indodax on indodax.academy.