CryptoQuant’s bitcoin bull-bear cycle indicator turns green for the first time since March 2023

CryptoQuant's bull-bear market indicator suggests an early bull phase, but Bitcoin's resistance level creates uncertainty.

Share

Add us on Google by Editorial Team May. 14, 2026

Bitcoin’s roller coaster might have taken a turn for the better. CryptoQuant’s Bitcoin Bull-Bear Market Cycle Indicator has turned green, signaling what some hope is the beginning of an ‘early bull’ market. This change, first seen on May 12, 2026, marks a notable shift from the bearish conditions that dominated since March 2023.

Advertisement " document.getElementById("alkimi-leaderboard").innerHTML = iFrame var iframeDoc = document.getElementById(idIFrame).contentWindow.document pbjs.renderAd(iframeDoc, highestCpmBids[0].adId); } } setTimeout(function () { renderAds(); }, FAILSAFE_TIMEOUT);

Earlier this year, Bitcoin took a nosedive to about $60,000 in February, a dip that had enthusiasts clutching their digital wallets tighter. However, since hitting that low, Bitcoin has risen approximately 35%, a recovery that has caused the indicator to change its tune. Despite Bitcoin’s rebound, it has yet to break through the $80,000-$82,000 range, suggesting that, while the bull signal is promising, the ride isn’t over yet.

Historically, the last time this indicator flashed green, it led to a 17-month march culminating in Bitcoin’s all-time high of around $108,000 in October 2025. By deriving the indicator from their P&L Index and comparing it with a 365-day moving average, CryptoQuant aims to read the tea leaves of market regime changes.

But let’s not pop the champagne just yet. The last time the indicator pointed to a bull market in March 2022, macroeconomic pressures pulled the rug out, turning the signal into a cautionary tale.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.