Bitcoin’s bull-bear cycle indicator turns green for first time since March 2023
CoinDesk
CryptoQuant’s bull-bear cycle indicator has turned green, signaling a potential recovery in market structure for Bitcoin as it tests the $82,000 resistance level.Summary
CryptoQuant’s Bitcoin Bull-Bear Market Cycle Indicator has shifted to green for the first time since March 2023, a move analyst Julio Moreno describes as a significant "regime-change signal." While this indicates that the worst phase of the market correction may be over, experts like Mati Greenspan caution that it is not a perfect predictor and requires sustained demand and price action for validation. The asset is currently facing resistance at $82,000, and analysts, including Arthur Hayes, are watching for further momentum to confirm if the current bullish trend will lead to higher price targets.
(Source：CoinDesk)