What is likely to happen during primary bull phases with regard to speculation?

During primary bull phases, it is common for prices to rise due to expectations and speculation among investors. In the context of these market phases, participants are typically optimistic about future price increases, which leads to increased buying activity. This speculative behavior is driven by anticipation of positive market movements, and as more investors jump in, it creates upward pressure on prices.

In a bull market, the overall sentiment is positive, and investors are more willing to take risks, often investing based on future projections rather than just historical data. This is why the option indicating that prices rise on hopes and speculation accurately reflects the dynamics of a primary bull phase. The enthusiasm and confidence of the market participants can lead to significant price increases fueled by both fundamental and speculative factors.