Mapping Bitcoin’s path out of bear territory as 3 KEY bull flags begin to flip
The post Mapping Bitcoin’s path out of bear territory as 3 KEY bull flags begin to flip appeared on BitcoinEthereumNews.com.
Bitcoin has hovered near a critical range over the past few days, with the asset yet to make a decisive move. The cryptocurrency has traded within a tight band between $69,000 and $70,000, remaining range-bound for several sessions. However, the current market dynamic appears to be softening and may gradually tilt toward a bullish direction as several key indicators begin to flip with a clearer bias. Bitcoin bears could be gradually fading The Bitcoin Bull Score Index, a gauge used to assess the level of bullish or bearish sentiment in the market, rose to 30 over the past day. This reading marks the highest level recorded since October 2025. Before this move, the index had remained significantly lower for an extended period. The recent shift suggests that bearish pressure in the market is beginning to ease after dominating trading activity for weeks. Source: CryptoQuant According to analyst Julio Moreno, the recent shift developed gradually over the past few days and largely reflects improving capital inflows. “Bull flags that turned on were: exchange flows, stablecoin liquidity growth and price momentum.” Moreno noted that the change mainly reflects a shift in sentiment, moving from “extremely bearish” positioning to simply “bearish.” However, he cautioned that the development does not yet confirm the start of a sustained rally. Social sentiment also appears to be improving. Recent findings indicate that Bitcoin has continued to gain traction following the mining of the 20 millionth token earlier this month. The milestone has renewed market attention and added to broader market discussions around Bitcoin’s [BTC] long-term scarcity. Taken together, the current market phase appears to represent a relief period. Financial market correlation points to volatility Bitcoin could also see stronger price reactions due to its growing correlation with traditional financial markets, particularly the S&P 500. One key indicator…
Filed under: News - @ March 13, 2026 12:27 pm