Bitcoin’s bear market may still be ongoing, based on a cycle momentum indicator that remains below neutral, according to CryptoQuant data cited by analyst Gaah.
According to ChainCatcher, Gaah said the indicator has not risen above the neutral level of 0, which he interprets as a sign the bear market continues.
Gaah noted the indicator has reached around -30, a level that has historically coincided with deep zones where cyclical bottoms form. He added that, historically, the -30 area has served as a major support level for Bitcoin.
Gaah said a trend reversal would require Bitcoin’s price to form a bullish pattern and for the indicator to break above the neutral zone.
CryptoQuant Analyst Gaah Says Bitcoin Bear Market May Not Be Over Yet
2026-06-22 08:03:57
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