Bitcoin Rebounds: Bull-Bear Market Cycle Indicator Shifts to Positive
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 23 2024Market Indicator Shift: The Bitcoin Bull-Bear Market Cycle Indicator has transitioned to a bullish stance after fluctuating between bearish and bullish zones since early August.
Price Increase: Bitcoin's price has risen to $61,131, reflecting a 4.72% increase over the past week, indicating a potential for a more sustained rally.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
