The Bitcoin bull-bear market cycle indicator, which tracks phases of investor sentiment, has shifted to signal bullish conditions after three days of flashing bearish signals as Bitcoin’s price plunged to levels not seen since February. “Most Bitcoin on-chain cyclical indicators that were hovering near the borderline have now shifted back to signaling a bull market,” CryptoQuant founder and CEO Ki Young Ju wrote in an Aug. 9 post on X (formerly Twitter). Pseudonymous crypto trader PlanB added, “Bitcoin is still in a bull market.” The indicator had entered “Bear” territory when Bitcoin’s price dropped below $50,000, following a steep decline
