Bitcoin (BTC) could also be coming into the early levels of a brand new bull market, with the asset eyeing the $100,000 stage after days of consolidation round $80,000.
The outlook follows CryptoQuant’s Bull-Bear Market Cycle Indicator turning inexperienced for the primary time since March 2023, a sign that has traditionally marked main shifts in Bitcoin’s momentum.
The indicator, which tracks long-term market circumstances utilizing shifting averages and cycle knowledge, has exited the bearish zone and entered the “early bull” section, a transition that has typically preceded sustained Bitcoin rallies.
On this line, insights shared by CryptoQuant on Could 12 exhibits the indicator steadily recovering from deeply detrimental territory earlier in 2026 earlier than crossing into the inexperienced zone in Could, whereas Bitcoin climbed again above $80,000.
Based on CryptoQuant analyst Dan Moreno, related transitions in 2019 and early 2023 signaled renewed bullish momentum and have been adopted by robust multi-month rallies that developed into full bull markets.
Bitcoin’s Bull-Bear Cycle Indicator Turns Inexperienced for the First Time Since March 2023
When the indicator enters the early bull zone, it typically means that the worst section of the correction has already handed and that market construction is starting to get better… pic.twitter.com/qBYCq3mo6S
— I. Moreno 🍬 (@MorenoDV_) Could 11, 2026
Nevertheless, the evaluation famous that the sign shouldn’t be infallible. In March 2022, the indicator briefly entered the early bull zone earlier than Bitcoin resumed its decline throughout the broader crypto market downturn, marking the primary historic exception.
The present setup seems stronger because the indicator has climbed steadily alongside enhancing worth motion somewhat than producing a short-lived spike, whereas bearish momentum has weakened considerably.
One other key takeaway is Bitcoin’s proximity to the psychologically necessary $100,000 stage.
With the indicator again within the inexperienced zone, hypothesis is rising {that a} confirmed bull cycle might set off one other breakout try, with the chart suggesting the market could also be nearing a decisive section just like previous post-bear-market recoveries.
Bitcoin worth evaluation
By press time, Bitcoin was buying and selling at $80,866, down about 0.66% previously 24 hours and 0.55% over the previous week.
On the present worth, Bitcoin is displaying combined however usually steady technical momentum. The 50-day SMA at $74,202 stays effectively under the present worth, indicating Bitcoin remains to be buying and selling in a short-term uptrend.
Nevertheless, the 200-day SMA at $82,614 sits barely above the present worth, suggesting the broader long-term pattern has but to completely flip bullish.
In the meantime, the 14-day RSI stands at 65.75, inserting Bitcoin in impartial territory however near overbought circumstances.
