Bitcoin's Bull-Bear Market Cycle Indicator Turns Green Amid Inflation Concerns

CryptoQuant's Bull-Bear Market Cycle Indicator has turned green for Bitcoin this week, marking the first occurrence since March 2023. According to NS3.AI, this change coincides with Bitcoin trading at $80,655. Economists are anticipating the April Consumer Price Index (CPI) to be approximately 0.7% month over month and 3.7% year over year. The upcoming inflation data release is expected to be a significant test for this indicator.