CryptoQuant’s bull-bear market cycle indicator shows Bitcoin’s repeating cycles over the past few years, highlighting the movement between overbought (Overheated Bull) and oversold (Extreme Bear) phases. Each bull market phase is followed by a bear market, showing how volatility and market sentiment greatly affect Bitcoin’s price.

In 2024, Bitcoin is in a transition phase, showing early signs of recovery from the bear market. However, there is no clear indication yet whether the market is ready to enter another strong bull phase. This indicator is invaluable for investors and traders to determine when to enter or exit the market based on the current market cycle conditions.