The bull-bear market cycle indicator from CryptoQuant illustrates the recurring cycles of Bitcoin over recent years, highlighting movements between overbought phases (Overheated Bull) and oversold phases (Extreme Bear). Each bull market phase is followed by a bear market, demonstrating how market volatility and sentiment heavily influence Bitcoin's price. As of 2024, Bitcoin is in a transitional phase, showing early signs of recovery from the bear market. However, there is no clear indication yet whether the market is ready to enter a strong bull phase again. This indicator is valuable for investors and traders, as it helps them determine when to enter or exit the market based on the current market cycle conditions.
Written by CRYPTOHELL
