#cryptoquant quicktake

The post Bitcoin Cycle Indicator Turns Green For First Time In Years: Early Bull Or Local Top? appeared on BitcoinEthereumNews.com. Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offe

CryptoQuant’s Bitcoin Bull-Bear Cycle Indicator is flashing a green signal for the first time since March 2023. Here’s what it could mean for the asset. Bitcoin Now In “Early Bull” Phase On CryptoQuant’s Market Cycle Indicator As highlighted by an analyst in a CryptoQuant Quicktake post, the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator has signaled a shift for the cryptocurrency recently. This indicator tells us, as its name suggests, about the phase of the cycle that BTC is potentially inside right now. Related Reading: SUI Surges 40%: Analytics Firm Explains What’s Driving The Rally The metric is based on CryptoQuant’s P&L Index, which combines the data of several key on-chain indicators to provide a single score for the network. The P&L Index’s interactions with its 365-day moving average (MA) are considered to correspond to phase shifts for BTC. The Bull-Bear Market Cycle Indicator captures this relationship by tracking the difference between the two. When the Bull-Bear Mar