TechFlow News, May 12: According to an analysis published by CryptoQuant-certified analyst MorenoDV_, Bitcoin’s Bull-Bear Market Cycle Indicator has just generated its first “Early Bull Market” signal since March 2023. Historically, when this indicator transitions from the bear market zone into the early bull market zone, it typically signals that the worst phase of correction is over and that market structure is beginning to recover—for instance, similar signals emerged after deep bear markets in early 2019 and early 2023, both preceding stronger upward trends.
However, this signal should not be interpreted uncritically. In March 2022, the indicator also entered the early bull market zone, yet price subsequently rejected the move, indicating a local top rather than the start of a new bull market. Analysts note that Bitcoin is no longer behaving like a deeply bearish asset; the rebound in its 30-day moving average suggests improving underlying market momentum. At the same time, however, multiple other market indicators have already shown signs of weakness, making this signal less clear-cut than classic early-cycle confirmations. The analyst leans toward the view that, unless price follows up strongly to confirm the signal, it is more likely to indicate a local top rather than the onset of a new bull market.
