An indicator by CryptoQuant suggests that Bitcoin has moved into a bearish phase following a recent crash.<\/p>\n
In a recent update on X, CryptoQuant\u2019s Head of Research Julio Moreno discussed the Bull-Bear Market Cycle Indicator created by the analytics firm.<\/p>\n
This metric is based on CryptoQuant\u2019s P&L Index, which combines various on-chain indicators related to profit\/loss.<\/p>\n
The P&L Index helps determine whether BTC is in a bull or bear market. Crossing above its 365-day moving average signals a bullish phase, while dropping below indicates a bearish transition.<\/p>\n
The Bull-Bear Market Cycle Indicator tracks the P&L Index\u2019s distance from its 365-day MA.<\/p>\n
The chart illustrates the trend in this Bitcoin indicator over the past years.<\/p>\n
The Bitcoin Bull-Bear Market Cycle Indicator surged earlier this year when the price hit an all-time high, entering the “overheated bull” territory.<\/p>\n
The indicator has now dropped below zero, indicating a bear phase for Bitcoin, a signal not seen since January 2023.<\/p>\n
However, this bearish signal may not necessarily imply an extended bear market, as observed in previous temporary bear phases signaled by the indicator.<\/p>\n
Currently, Bitcoin is trading just below $57,000, reflecting a nearly 14% decline over the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"
An indicator by CryptoQuant suggests that Bitcoin has moved into a bearish phase following a recent crash. CryptoQuant\u2019s Indicator Shifts to Negative In a recent update on X, CryptoQuant\u2019s Head of Research Julio Moreno discussed the Bull-Bear Market Cycle Indicator created by the analytics firm. This metric is based on CryptoQuant\u2019s P&L Index, which combines […]<\/p>\n","protected":false},"author":1,"featured_media":16986,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"CryptoQuant\u2019s Indicator Shows Bitcoin Transitions to Bear Phase - Bitrabo","description":"An indicator by CryptoQuant suggests that Bitcoin has moved into a bearish phase following a recent crash. CryptoQuant\u2019s Indicator Shifts to Negative In a recen"},"footnotes":""},"categories":[316],"tags":[3683,6975,448,449,4015,2873,916,6974,4078,1129],"class_list":["post-16985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bear","tag-bear-phase","tag-bitcoin","tag-btc","tag-cryptoquant","tag-cryptoquants","tag-cycle","tag-cycle-indicator","tag-indicator","tag-phase"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/16985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=16985"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/16985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/16986"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=16985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=16985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=16985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}