Bitcoin Bull-Bear Indicator Flashes Green as BTC Tests Key Resistance
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CryptoQuant's Bull-Bear Market Cycle Indicator entered early bull territory for the first time since March 2023 as Bitcoin rebounded 26.54% from the $65K to $59K support zone. BTC now tests resistance at $80K to $85K with RSI at 49.52 signaling neutral momentum, making the setup sensitive to a breakout or rejection and carrying bullish implications for crypto price and adoption.
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- Bitcoin’s Bull-Bear Indicator entered early bull territory for the first time since March 2023.
- BTC rebounded 26.54% from the $65K–$59K zone and now faces $80K–$85K resistance.
- RSI at 49.52 shows neutral momentum as traders watch for a breakout or rejection.
Bitcoin’s Bull-Bear Market Cycle Indicator has moved into the “early bull” zone for the first time since March 2023, according to CryptoQuant analyst MorenoDV_. The shift comes as the asset trades near a key resistance area after recovering from its late-March support zone.
The signal suggests that market conditions have moved away from deep bear-market territory. However, the current setup remains sensitive, as BTC’s price action is testing a major support-turned-resistance range between $80K and $85K.
Indicator Shows First Early Bull Signal Since 2023
CryptoQuant’s Bull-Bear Market Cycle…
Read The Full Article Bitcoin Bull-Bear Indicator Flashes Green as BTC Tests Key Resistance On Coin Edition.
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