The post Will Bitcoin Crash Again? Insights from Industry Experts appeared first on Coinpedia Fintech News
The cryptocurrency market has seen a notable recovery in the last two days, where top assets Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced significant price surges. Amid this ongoing price recovery, the recent post by Julio Moreno on X (previously Twitter) has gained massive attention from the crypto community.
Expert says Bitcoin flashing bearish sign
Julio, the head of research at CryptoQuant, shared insights in his post that the bull-bear market cycle indicator is flashing a bearish sign for Bitcoin. Additionally, he added that a similar bearish signal was observed in March 2020 during COVID-19 and in May 2021 following the ban on crypto mining in China.
The Bull-Bear Market Cycle Indicator has flagged BEAR phase (high blue area) for the first time since January 2023.
Other periods when it has flagged BEAR phases for a limited period have be
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