Bitcoin price: Is a Bull Run imminent? Experts have their say | Personal Finance | Finan…

Bitcoin saw highs from 2017 continue into January this year with the cryptocurrency’s peak reaching $14,112 (£10,745).

This then plummeted to around $6,000 (£4560.99) in August, depreciating by more than half. 

The cryptocurrency is highly volatile and relies on confidence from investors in order to increase in value. 

Many involved in cryptocurrency are waiting for a Bull Run to occur to increase prices. 

What is a Bull Run?

A Bull market is a market in which prices are rising or expected to rise quickly, the term is used across financial and stock markets.

A Bull Run is a term often used in the cryptocurrency field which describes a surge in crypto prices.

When confidence in the currency is at a high and volatility low, investors will buy up the currency causing its value to soar.

Are we likely to see a bull run any time soon?

Samuel Leach, founder of the cryptocurrency Yield Coin told Express.co.uk that he believes a Bull Run will happen soon.

He said: “It’s only a matter of time…