Analyst: Bitcoin cycle indicators suggest the pullback may not be over, cycle bottom not yet confirmed

Odaily reports that CryptoZeno states Bitcoin cycle indicators suggest the current pullback may not yet be over. Market structure points to a cooling cycle, but has not yet reached the extreme conditions commonly seen at major turning points. The 30-day moving average of the Bitcoin Cycle Extremes Index has dropped to 15.8%, placing it in the "watch/mild stress" range; Bitcoin is currently trading around $80,000, approximately 46% below its previous all-time high, but the index remains well below levels seen during active or extreme phases.

CryptoZeno notes that the 30-day moving average of the Cycle Extremes Oscillator is near the bottom of its historical range, well below the 1.0 threshold, with no clear upward signal at present. The indicators show that Bitcoin is in a pullback and downturn phase, and a cycle bottom has not yet been confirmed.