Bitcoin’s bull-bear cycle indicator turns green for first time since March 2023
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- CryptoQuant's Bitcoin bull‑bear cycle indicator turned green on May 2026, the first time since March 2023, indicating an early shift from bear to bull market behavior.
- Julio Moreno (CryptoQuant analyst) said the green signal historically marks the end of the worst correction phase and a recovery in market structure, noting the 30‑day moving average is gaining momentum.
- Mati Greenspan (founder of Quantum Economics) cautioned the indicator is a regime‑shift guide, not a crystal ball, and emphasized that sustained demand, liquidity and a decisive break above the $82,000 resistance are needed for validation.
- Arthur Hayes (former eToro analyst) argued Bitcoin’s $60,000 bottom is likely behind it and sees potential for a rapid move toward $90,000 and possibly $126,000.
- Bitcoin currently trades around $76,000 after a 35 % rebound from its February low of $60,000, but still struggles to break the $82,000 resistance.
Why it matters: Traders and institutional investors gain buying opportunities as Bitcoin approaches $82,000, while bears lose relevance as on‑chain metrics improve, shifting capital toward crypto assets in the market.
