$BTC . A bit of positivity
According to CryptoQuant data, the Bitcoin Cycle Momentum indicator has returned to the positive zone for the first time in 8 months of the current cycle. This indicates a high probability that Bitcoin is on the path to exiting the downtrend and reversing the bear market.
To confirm the reversal, the indicator needs to reach the 20–30 level in the coming weeks while maintaining upward price momentum. If the signal is confirmed, it will become a strong fundamental basis for further growth.
Bitcoin Cycle Momentum is an indicator that measures the strength of bullish (green) and bearish (red) momentum within multi-year market cycles. A transition from the negative zone to the positive is considered a trend reversal signal.
According to CryptoQuant data, the Bitcoin Cycle Momentum indicator has returned to the positive zone for the first time in 8 months of the current cycle. This indicates a high probability that Bitcoin is on the path to exiting the downtrend and reversing the bear market.
To confirm the reversal, the indicator needs to reach the 20–30 level in the coming weeks while maintaining upward price momentum. If the signal is confirmed, it will become a strong fundamental basis for further growth.
Bitcoin Cycle Momentum is an indicator that measures the strength of bullish (green) and bearish (red) momentum within multi-year market cycles. A transition from the negative zone to the positive is considered a trend reversal signal.
