TechFlow News, June 23: Gaah, an analyst at CryptoQuant, stated that Bitcoin’s cycle momentum indicator has yet to break above the neutral zone of 0, indicating that the bear market phase has not yet ended. The indicator has declined to around −30—a level historically associated with the formation of cyclical bottoms and which has repeatedly served as a key support level for Bitcoin. However, to confirm a trend reversal, price action must form a bullish pattern while the indicator breaks above the neutral zone.





