**Bitcoin Bull-Bear Indicator Flips Bullish After Brief Dip**

Bitcoin's bull-bear market cycle indicator has turned bullish again after a brief bearish phase. This shift follows Bitcoin's price drop to $49,751 on August 5, a level not seen since February, which some dubbed "Crypto Black Monday."

- **Quick Recovery:** Bitcoin's bearish signal lasted only three days, with prices rebounding above $60,000 by August 8.

- **Market Sentiment:** The Crypto Fear and Greed Index also moved from "Extreme Fear" to a "Neutral" score of 48.

- **Analyst Opinions:** Some analysts see this as a bear trap, while others suggest waiting for prices to dip further for an ideal bull market entry.

Currently, Bitcoin is trading at $60,732, down 0.35% over the past week.