X @Ignas | DeFi

Market Trend Analysis - Bitcoin is currently in a strong uptrend, indicated by its position in the Bull Zone [1] - The market has not yet reached the Overheated Bull Zone, suggesting further potential for growth before a cycle top [1] Indicator Analysis - CryptoQuant's Bitcoin Bull-Bear Market Cycle Indicator is used to track bull and bear cycles [1] - The P&L Index is utilized within the indicator to gauge market momentum [1]