Since February 24, 2024, the CryptoQuant Bull Bear Market Cycle indicator has consistently signaled a bear market. However, in recent days, we've begun to see signs of a potential trend reversal.
With Bitcoin surging back above $100K, the indicator has started flashing bullish signals again — for the first time in weeks. Although the signal is still weak (coefficient: 0.029), the mere appearance of a positive shift is encouraging.
More importantly, the Bull-Bear 30DMA — a short-term moving average — has turned upward. If this metric crosses above the Bull-Bear 365DMA, history suggests we could see parabolic rallies in Bitcoin once again.
One to watch closely.
Written by burakkesmeci
