Analyst: Bitcoin cycle momentum indicates the bear market has not yet ended

Gaah, an analyst at CryptoQuant, stated that the Bitcoin cycle momentum indicator has yet to break above the neutral zone of 0, suggesting the bear market phase has not yet ended. The indicator has declined to around −30—a level historically associated with the formation of cyclical bottoms and has repeatedly served as a key support level for Bitcoin. However, to confirm a trend reversal, price must form a bullish pattern while the indicator breaks above the neutral zone.