A bull market refers to a financial market condition in which the prices of securities, such as stocks or cryptocurrencies, experience a sustained increase, often by 20% or more from recent lows. This upward trend is typically fueled by investor confidence, robust economic indicators, and favorable market conditions. Bull markets are characterized by widespread optimism, increased trading activity, and a positive feedback loop where rising prices attract more investors, further driving up prices. These periods often coincide with strong economic growth, low unemployment rates, and increased corporate profits. Understanding bull markets is essential for investors looking to capitalize on favorable market conditions and optimize their investment returns.