Bitcoin

<ul><li>CryptoQuant indicators now signal a Bitcoin bull market, reversing recent trends.</li><li>Large holders bought $5B in Bitcoin in July, the highest monthly since 2014.</li><li>Most Bitcoin holders are in profit, with strong support below $58,932.</li></ul>Most <a href="https://cryptotale.org/analyst-predicts-15b-liquidations-as-btc-nears-72k-mark/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) on-chain cyclical indicators have previously hovered near the Bull-Bear Market Cycle Indicator borderline. However, they have now shifted to signaling a bull market, according to recent insights shared by Ki Young Ju, Founder and CEO of CryptoQuant. This development comes after Bitcoin was discounted for only three days, marking a notable change in market sentiment.The CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator offers a comprehensive view of Bitcoin&#39;s current market phase. The chart reveals distinct market phases, each signaling different trends. During February and March, Bitcoin briefly touched the &#34;Overheated Bull&#34; red zone, indicating a potential overvaluation, with prices exceeding $67,000.However, most of the observed period from March through early May falls within the &#34;Bull&#34; orange zone, where Bitcoin&#39;s price ranged between $55,000 and $65,000. This phase suggests a steady upward trend. Meanwhile, a dip into the &#34;Bear&#34; blue zone around mid-July saw Bitcoin&#39;s price briefly fall below $55,000, reflecting a period of market correction.<a href="https://cryptotale.org/btc-indicators-shift-to-bullish-as-large-holders-accumulate/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC Indicators Shift to Bullish As Large Holders Accumulate

CryptoTale

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