Bitcoin (BTC) could also be within the early levels of a brand new bull market, with the asset heading in direction of the $100,000 stage after consolidating round $80,000 for a number of days.
This outlook comes after CryptoQuant’s Bull-Bear Market Cycle Indicator turned inexperienced for the primary time since March 2023, a sign that has traditionally signaled a significant change in Bitcoin’s momentum.
The indicator, which makes use of shifting averages and cycle knowledge to trace long-term market situations, has damaged out of the bearish zone and entered an “early bullish” section. This transition typically preceded Bitcoin’s sustained rise.
Insights shared on this line embrace: cryptoquant Information from Might 12 exhibits that the index has steadily recovered from deep adverse territory firstly of 2026 and entered the inexperienced zone in Might, whereas Bitcoin as soon as once more rose above $80,000.
In accordance with cryptoquant Analyst Dan Moreno mentioned related strikes in 2019 and early 2023 signaled new bullish momentum, adopted by months of robust positive aspects that led to a full-blown bull market.
Bitcoin bull-bear cycle indicator turns inexperienced for the primary time since March 2023
When an indicator enters an early bullish zone, it typically means that the worst levels of the correction have already handed and the market construction is beginning to recuperate… pic.twitter.com/qBYCq3mo6S
— I. Moreno 🍬 (@MorenoDV_) Might 11, 2026
Nevertheless, evaluation confirmed that the sign was not dependable. In March 2022, the indicator briefly entered an early bullish zone earlier than Bitcoin resumed its decline amid a broader downturn within the crypto market, which grew to become the principle historic exception.
The present setup seems to be stronger because the bearish momentum has weakened considerably whereas the indicator is steadily rising as worth motion improves somewhat than inflicting a short-term spike.
One other vital level is that Bitcoin is approaching the psychologically vital $100,000 stage.
With the indicator again within the inexperienced zone, hypothesis is mounting that affirmation of a bullish cycle might set off additional breakout makes an attempt, and the chart suggests the market could also be approaching a decisive stage just like previous bear market recoveries.
Bitcoin worth evaluation
On the time of writing, Bitcoin is buying and selling at $80,866, down about 0.66% previously 24 hours and 0.55% over the previous week.
At present costs, Bitcoin is displaying blended however typically secure technical momentum. The 50-day SMA of $74,202 continues to be properly beneath the present worth, indicating that Bitcoin continues to be buying and selling in a short-term uptrend.
Nevertheless, the 200-day SMA of $82,614 is barely above the present worth, suggesting that the broader long-term development has not but turned totally bullish.
In the meantime, the 14-day RSI is at 65.75, which places Bitcoin in impartial territory however near overbought standing.
