Bitcoin's bull-bear cycle indicator turns green, hinting at early market recovery but confirmation needed.

CryptoQuant's bitcoin bull-bear cycle indicator has turned green for the first time since 2023, signaling a potential early shift from bear market behavior to recovery. Analysts caution this is a broad market signal, not a precise trading tool, and confirmation depends on sustained demand, liquidity, and breaking above the $82,000 resistance level. Some experts, like Arthur Hayes, believe bitcoin's bottom near $60,000 is set and foresee a rally toward $90,000 and beyond. However, others warn that onchain metrics should be used as behavioral guides rather than exact predictions, especially given the current mixed market signals and macroeconomic challenges.