Lauesen JohannessenJun 04, 2022 · 3 years ago2 answers Can a positive correlation coefficient be an indicator of a bull market in the crypto industry?
Is it possible for a positive correlation coefficient to serve as an indicator of a bull market in the cryptocurrency industry? How reliable is this metric in predicting market trends and potential price increases? Are there any limitations or factors that need to be considered when interpreting a positive correlation coefficient in the context of the crypto market?