Bitcoin Bull-Bear Cycle Indicator Turns Green for First Time Since March 2023

According to CryptoQuant analyst MorenoDV_, Bitcoin’s Bull-Bear Market Cycle Indicator turned green for the first time since March 2023, signaling an early bull market phase. Historically, such transitions from bear to early bull territory have preceded stronger uptrends, as seen in 2019 and early 2023.

However, the analyst cautions that the signal warrants careful interpretation. In March 2022, a similar indicator shift preceded a price rejection, marking a local top rather than a new bull cycle start. MorenoDV_ notes that while Bitcoin no longer exhibits deep bear market characteristics, other indicators show weakness, making the current signal less definitive than classic early-cycle confirmations. The analyst leans toward viewing this as a potential local top unless price action provides strong follow-through confirmation.