CryptoQuant's Market Cycle Indicator Flashes Bearish Signal
CryptoNewsTerminal Staff06 Aug, 2024
CryptoQuant's Market Cycle Indicator Flashes Bearish Signal
CryptoQuant's Bull-Bear Market Cycle Indicator has entered the "BEAR" zone for the first time since January 2023, signaling a potential bear market. This indicator accurately predicted previous market downturns, including the COVID-19 crash, the China mining ban FUD, and the start of the 2021 bear market. Analysts believe this bearish signal could be attributed to factors such as the collapse of the Terra ecosystem, rising inflation, and macroeconomic headwinds. However, it's important to note that this indicator does not guarantee a bear market, and other factors should be considered before making investment decisions. ```
