Bitcoin Shows First Bullish Signal Since 2023 as Price Nears $82,000

Bitcoin investors received some good news this week as a major market indicator turned positive for the first time in over three years.

What happened? A tool called the "bull-bear cycle indicator" (which helps predict if prices will go up or down) just flashed green. This hasn't happened since March 2023. The indicator, created by analytics firm CryptoQuant, suggests Bitcoin might be shifting from a falling market (bear market) to a rising one (bull market).

Why does this matter? When this indicator turned green in the past, it often meant: • The worst price drops were over • Bitcoin started recovering and gaining value • New investors began buying again

Julio Moreno, an analyst at CryptoQuant, explained that this signal has historically marked important turning points in Bitcoin's price.

Should you get excited? Market expert Mati Greenspan warns that this indicator isn't a "crystal ball" - it doesn't guarantee prices will skyrocket immediately. He points out that in March 2022, the indicator gave a false positive signal, and prices actually fell further.

What to watch: Bitcoin is currently testing the $82,000 price level (a resistance level is like a ceiling that's hard to break through). Some experts, including trader Arthur Hayes, believe Bitcoin could surge past $90,000 and potentially reach $126,000. However, others say we need to see: • More people buying Bitcoin • Prices staying high for longer periods • A clear break above $82,000

The bottom line: This green signal is encouraging news for Bitcoin holders, but it's not a guarantee. As with all investments, patience and caution are key.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/markets/2026/05/12/bitcoin-s-bull-bear-cycle-turns-green-for-first-time-since-march-2023