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Index Bitcoin Cycle Indicators enters trend transition phase
For the first time in 1 year the Index Bitcoin Cycle Indicators leave the accumulation region (buy signal) and enter the historical trend transition phase. Historically the period marked in Yellow signaled the macro trend transition phases of Bitcoin cycles, when the market exited from a bear market to a bull market or from a bull market to a bear market. Is it a bit early to say that we have definitely exited the bear market? Still, however we are seeing a set of 7 Bitcoin cycle indicators that has historically pointed out top/bottom periods accurately in addition to times when the price reverses the trend. The Index remained for at least 365 providing buy signal (Accumulation) in the range between 75%-100% (green line), means that the 7 on-chain Bitcoin cycle indicators were in their respective Accumulation ranges and in historical accumulation trend. For you to check how the INDEX BITCOIN CYCLE INDICATORS was put together go to the link below and see all the details on CryptoQuant's Dashboard 👇🏻 https://cryptoquant.com/analytics/dashboard/63a3007736ec775f474789dd We can also see exactly all the moments in the market history, since 2012, of accumulation and distribution. Since April 2022 the index has signaled BUY, that is almost a full year in the Accumulation range and there is confluence regarding time related to Bitcoin Halving compared to previous accumulation cycles. However, at the COVID DAY event in March 2020 was the first time in the index's history that during the trend transition phase the Accumulation region (75%-100% green line) was reached again. Therefore, it is likely (following the historical data) that Bitcoin has entered its transition phase from a bear market to a new bull market. This does not mean that we will hit a new ATH later this year, but rather that we will not seek new lows.