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<p>According to<a href="https://twitter.com/CryptoCon_/status/1726268947920482679" target="_blank" rel="nofollow"> a recent post by CryptoCon</a>, there is one indicator that makes it very simple to determine if Bitcoin is in a bull or bear market – the Bollinger Band %. As CryptoCon explains, this measurement looks at the percentage of time Bitcoin’s price is above the upper Bollinger Band.</p> 
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<h2 class="wp-block-heading" id="the-power-of-bollinger-bands">The Power of Bollinger Bands</h2> 
<p>Bollinger Bands are a type of statistical chart analysis that uses two bands plotted at two standard deviations above and below a simple moving average. When the price breaks above the upper band, it’s considered overbought, while a break below the lower band is seen as oversold. The percentage of time spent between the two bands indicates the overall trend.</p> 
<p>According to CryptoCon, Bitcoin spent just 2 years and 7 months below the .88% threshold, indicating a bearish trend. However, in October 2020, Bitcoin crossed back above this critical .88% mark, suggesting the start of a new bull market.</p> 
<h2 class="wp-block-heading" id="entering-a-new-bull-market">Entering a New Bull Market</h2> 
<p>CryptoCon states that this indicator “told us that the last cycle, black swan and all, was bearish until October 2020.” The .88% threshold represents the shortest amount of time Bitcoin’s price stayed above that level in previous cycles.</p> 
<p>Now that Bitcoin is back above .88%, CryptoCon believes “we have a long time to go with price action over the threshold this cycle.” He compares it to the 2015-2018 bull run and concludes “the cross is here, and we’re just getting started.”</p> 
<p>Read also:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/the-most-accurate-price-band-for-bitcoin-shows-btcs-bull-surge-isnt-over-reveals-target-price/" target="_blank">The Most Accurate Price Band for Bitcoin Shows BTC’s Bull Surge Isn’t Over, Reveals Target Price</a></li> 
 <li><a href="https://captainaltcoin.com/biggest-meme-coins-dogecoin-and-shiba-inu-gear-up-for-massive-bullish-rallies-but-theres-a-catch/" target="_blank">Biggest Meme Coins, Dogecoin and Shiba Inu, Gear Up for Massive Bullish Rallies, but There’s a Catch</a></li> 
 <li><a href="https://captainaltcoin.com/breaking-investors-shift-from-tron-to-emerging-crypto-star-for-promising-returns/" target="_blank">Breaking: Investors Shift from TRON to Emerging Crypto Star for Promising Returns</a></li> 
</ul> 
<p>So in summary, this straightforward Bollinger Band metric makes it easy to visualize Bitcoin’s macro trends and indicates we’ve entered a new long-term bull market. CryptoCon sees plenty of room for growth based on historical patterns.</p> 
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<p>The post <a href="https://captainaltcoin.com/this-btc-indicator-makes-it-incredibly-easy-to-know-if-bitcoin-is-in-a-bull-or-bear-market/">This BTC Indicator Makes It ‘Incredibly Easy’ to Know if Bitcoin Is in a Bull or Bear Market</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

This BTC Indicator Makes It ‘Incredibly Easy’ to Know if Bitcoin Is in a Bull or Bear Market

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