- Bitcoin’s Bull-Bear Indicator entered early bull territory for the first time since March 2023.
- BTC rebounded 26.54% from the $65K–$59K zone and now faces $80K–$85K resistance.
- RSI at 49.52 shows neutral momentum as traders watch for a breakout or rejection.
Bitcoin’s Bull-Bear Market Cycle Indicator has moved into the “early bull” zone for the first time since March 2023, according to CryptoQuant analyst MorenoDV_. The shift comes as the asset trades near a key resistance area after recovering from its late-March support zone.
The signal suggests that market conditions have moved away from deep bear-market territory. However, the current setup remains sensitive, as BTC’s price action is testing a major support-turned-resistance range between $80K and $85K.
Indicator Shows First Early Bull Signal Since 2023
CryptoQuant’s Bull-Bear Market Cycle Indicator has historically marked important changes in market structure. When the indicator leaves bear territory and enters the early bull zone, it often shows that selling pressure has weakened.
Source: CryptoQuant
Similar signals appeared in 2019 and early 2023 after extended bearish phases. In both cases, market structure later improved as demand strengthened and price momentum recovered.
However, the indicator has not always confirmed a sustained rally. MorenoDV_ pointed to March 2022 as a key exception. At that time, the indicator also moved into the early bull zone, but the price was rejected soon after.
Source: CryptoQuant
That earlier move marked a local top instead of a stronger recovery. Because of that history, the latest May 2026 signal is being watched closely alongside price confirmation.
BTC Faces Decisive Test at $80K–$85K Resistance
Technically, BTC recently rebounded from the late-March $65K–$59K support range, where buyers previously entered the market. That move helped drive a 26.54% recovery toward the key $80K–$85K resistance region.
This resistance zone now stands as the main test for Bitcoin’s next move. It also aligns closely with the 38.20% Fibonacci retracement level, where price has struggled to break higher.
Source: TradingView
However, a confirmed move above the $80K–$85K range could strengthen bullish momentum. In that case, the next major target would sit between $94K and $98K, near the 50% Fibonacci retracement level, marking roughly a 17%-21% price gain.
Meanwhile, BTC traded near $80,643 at press time, down 0.47% in the past 24 hours. Trading volume also fell 10% to $30.23 billion, showing weaker market activity as traders watch the resistance zone.
Neutral RSI Keeps Market Direction Open
Similarly, the Relative Strength Index stood at 49.52, placing the Bitcoin market near neutral conditions. This shows that Bitcoin is neither overbought nor oversold at the current level.
That neutral reading keeps the market open to either direction. A stronger push above resistance would support the recovery, while another rejection could return attention to lower support levels.
On the downside, the 23.60% Fibonacci level near $75,587 may act as medium-term support. If selling pressure increases, Bitcoin could revisit the deeper $65K–$59K demand zone that supported the late-March rebound again.
For now, Bitcoin’s early bull signal has improved the broader market outlook. However, price confirmation around the $80K–$85K resistance range remains the key factor separating continued recovery from another rejection.
Related: Key Events This Week Could Shake Bitcoin and Crypto Markets
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