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mathjax"> Advance Detection Of Bull And Bear Phases In Cryptocurrency Markets </p> <p class="authors"> <span class="search-hit">Authors:</span> <a href="/search/q-fin?searchtype=author&query=Arulkumaran%2C+R">Rahul Arulkumaran</a>, <a href="/search/q-fin?searchtype=author&query=Kumar%2C+S">Suyash Kumar</a>, <a href="/search/q-fin?searchtype=author&query=Tomar%2C+S">Shikha Tomar</a>, <a href="/search/q-fin?searchtype=author&query=Gongalla%2C+M">Manideep Gongalla</a>, <a href="/search/q-fin?searchtype=author&query=Harshitha"> Harshitha</a> </p> <p class="abstract mathjax"> <span class="has-text-black-bis has-text-weight-semibold">Abstract</span>: <span class="abstract-short has-text-grey-dark mathjax" id="2411.13586v1-abstract-short" style="display: inline;"> Cryptocurrencies are highly volatile financial instruments with more and more new retail investors joining the scene with each passing day. Bitcoin has always proved to determine in which way the rest of the cryptocurrency market is headed towards. As of today Bitcoin has a market dominance of close to 50 percent. Bull and bear phases in cryptocurrencies are determined based on the performance of… <a class="is-size-7" style="white-space: nowrap;" onclick="document.getElementById('2411.13586v1-abstract-full').style.display = 'inline'; document.getElementById('2411.13586v1-abstract-short').style.display = 'none';">▽ More</a> </span> <span class="abstract-full has-text-grey-dark mathjax" id="2411.13586v1-abstract-full" style="display: none;"> Cryptocurrencies are highly volatile financial instruments with more and more new retail investors joining the scene with each passing day. Bitcoin has always proved to determine in which way the rest of the cryptocurrency market is headed towards. As of today Bitcoin has a market dominance of close to 50 percent. Bull and bear phases in cryptocurrencies are determined based on the performance of Bitcoin over the 50 Day and 200 Day Moving Averages. The aim of this paper is to foretell the performance of bitcoin in the near future by employing predictive algorithms. This predicted data will then be used to calculate the 50 Day and 200 Day Moving Averages and subsequently plotted to establish the potential bull and bear phases. <a class="is-size-7" style="white-space: nowrap;" onclick="document.getElementById('2411.13586v1-abstract-full').style.display = 'none'; document.getElementById('2411.13586v1-abstract-short').style.display = 'inline';">△ Less</a> </span> </p> <p class="is-size-7"><span class="has-text-black-bis has-text-weight-semibold">Submitted</span> 17 November, 2024; <span class="has-text-black-bis has-text-weight-semibold">originally announced</span> November 2024. </p> </li> </ol> <div class="is-hidden-tablet"> <!-- feedback for mobile only --> <span class="help" style="display: inline-block;"><a href="https://github.com/arXiv/arxiv-search/releases">Search v0.5.6 released 2020-02-24</a> </span> </div> </div> </main> <footer> <div class="columns is-desktop" role="navigation" aria-label="Secondary"> <!-- MetaColumn 1 --> <div 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