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Bitcoin’s Bull-Bear Cycle Indicator has turned green for the first time since March 2023, according to CryptoQuant data shared on X. The move places Bitcoin in an early bull market zone, a level that has marked major regime changes in past cycles. Still, CryptoQuant noted that March 2022 remains a key exception when the signal appeared before the price faced rejection.
CryptoQuant’s Bitcoin Bull-Bear Market Cycle Indicator shows the latest shift into the green zone. The chart labels this area as the first sign of an early bull market. The indicator tracks Bitcoin’s market cycle using price action and bull-bear moving averages. It also compares short-term and long-term readings through the 30-day and 365-day moving averages.
In the latest chart, Bitcoin’s price line has climbed toward the upper-right section. The indicator has also moved from a bearish range into the early bull region.
As a result, traders are watching whether the signal can hold. The chart places Bitcoin near the $90,000 to $97,500 area on the right-side price scale.
CryptoQuant said the green reading has often acted as an important regime-change signal. The firm linked the latest move to earlier cycle shifts in Bitcoin’s market structure. The long-term chart shows similar green zones in 2019 and 2023. In both cases, the indicator moved out of deeper bearish territory before Bitcoin entered stronger market phases.
The 2019 section shows Bitcoin rising after the confirmed bull market zone appeared. The 2023 section also shows a similar move before the market advanced through later stages.
That question has gained attention because the chart also marks a rejected signal in 2022. During that period, Bitcoin entered the early bull zone, but the price failed to hold momentum.
CryptoQuant pointed to March 2022 as the main historical exception. At that time, the Bull-Bear Cycle Indicator also moved into an early bull zone. Soon after, Bitcoin faced rejection. The long-term chart marks that move with a 'Rejected' label, showing that the signal did not confirm a lasting market shift.
By contrast, the latter 2023 green zone carried a 'Confirmed bull market' label. That comparison gives the latest reading added importance as Bitcoin approaches another potential turning point.
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Meanwhile, the latest short-term chart shows the indicator recovering from months of bearish readings. Bitcoin moved through a heavy blue bear zone before the green signal appeared. The chart also shows the 30-day moving average rising toward the 365-day moving average. This shift comes as Bitcoin trades near the upper part of the recent range.
For now, CryptoQuant’s data places Bitcoin at an early bull signal. The next market focus remains on whether Bitcoin can hold above the zone and avoid the rejection seen in March 2022.
Bitcoin’s Bull-Bear Indicator has turned green for the first time since March 2023, signaling a possible early bull market phase. CryptoQuant data shows historical strength behind this signal, though March 2022 remains a warning after price rejection followed a similar move.
