Six Bitcoin Signals Suggest Bear Market Near End
Analysts are watching six historical signals that suggest the bear market for Bitcoin could be nearing its end. One key indicator is the cycle calendar, which approaches previous recovery phases. Historically, this period has occurred around 17 months before the next halving or 12-14 months after the last peak.
Another signal concerns tensions affecting exchanges as a cycle change approaches. Large platforms have closed or failed just before previous crypto springs, and BitMEX announced in July a planned closure for September.
The six metrics identified by Denny Galindo include the cycle duration, tensions on exchanges, Bitcoin's pullback, mining difficulty, thermocap multiple, and price evolution. However, not all indicators are aligned with past patterns, and various pieces of the historical scenario remain incomplete.