[Analysis: Indicator Shows Bitcoin Has Reached the Deep Zone of a Cyclical Bottom] BlockBeats News, June 22, analyst Gaah cited CryptoQuant data, stating that Bitcoin's cyclical momentum indicator suggests the current bear market has not yet ended. This indicator has not risen above the neutral zone (0), indicating the bear market is still ongoing. The indicator has reached the -30 range, which historically represents the deep zone of a cyclical bottom. Historically, this range (-30) has served as a major support level for BTC. However, to confirm a trend reversal, the price must form a bullish pattern, and the indicator must break through the neutral zone. [Original Link]