🍀Bitcoin Bull Market Indicator Enters Neutral Phase
CryptoQuant's Head of Research, Julio Moreno, reported that the Bitcoin Bull Market Indicator has shifted from the "Bullish Cooling" phase to the "Neutral" phase, after dropping from a level of 70 to 50.
Moreno explained that if the indicator continues to decline, it could signal a potential further drop in the price of Bitcoin, highlighting the importance of focusing on risk management strategies during this period.