Bitcoin Bull Cycle Indicator Flips Higher as Price Holds $60K Bitcoin’s bull cycle indicator, which tracks phases of investor sentiment, has flipped to indicate bullish conditions, after three days of flashing red as Bitcoin’s price fell to levels not seen since February.
“Most of the cyclical indicators on the Bitcoin chain that were hovering near the boundary have now flipped back to signal a bull market,” wrote CryptoQuant and CEKi founder Young Ju in a post on August 9.
“Bitcoin is still in a bull market,” added the crypto trader who goes by the pseudonym PlanB.
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