The post Bitcoin Rebounds: Bull-Bear Market Cycle Indicator Shifts to Positive appeared first on Coinpedia Fintech News
According to the latest data from CryptoQuant’s Bitcoin Bull-Bear Market Cycle Indicator. Since early August, the indicator has fluctuated between bearish and bullish zones, reflecting the market’s uncertainty. However, it has now shifted back to a bullish stance. This change aligns with Bitcoin’s price jump to $61,131, marking a 4.72% increase over the past week. This uptick and the bullish indicator suggest a potential onset of a more sustained rally.