The CryptoQuant Market Cycle Indicator shows Bitcoin’s repeated cycles in recent years, with overbought and oversold phases. Each bullish cycle is followed by a bearish cycle, demonstrating that volatility and market sentiment strongly influence Bitcoin’s price.

As of 2024, Bitcoin is in a transition phase, showing signs of recovering from the bear market. However, there are no clear signs that the market will enter a strong bull phase. This indicator is useful for investors and traders, helping them determine when to enter or exit the market based on current cyclical conditions.