Gear Up! New Bitcoin Bull Market Is About To Begin | Crypto News
The price of Bitcoin has continued to hover around the $70,000 degree this weekend, establishing a uneven construction above this psychological degree. According to the latest on-chain data, a important buy alarm has gone off for BTC, indicating the potential start of a bull market.
Has BTC Price Reached Its Cycle Bottom?
On Saturday, March 21, in style market analyst Ali Martinez took to the social media platform X to sound a bullish alarm for Bitcoin, the world’s largest cryptocurrency by market capitalization. The crypto pundit posited that the market chief might be at the start of a period of prolonged upward motion.
The rationale behind this bullish projection is the current shift in the Inter-Exchange Flow Pulse (IFP) metric. The Inter-Exchange Flow Pulse is an on-chain indicator that measures BTC flows between spot and by-product exchanges utilizing the Bitcoin exchange circulation data.
Changes in this on-chain metric are useful in figuring out whether or not investor sentiment in the Bitcoin market is bullish or bearish. Typically, the IFP indicator rises when important quantities of BTC are being moved to by-product exchanges, suggesting a growing risk urge for food and the potential imminence of a bullish period.
The motion of the IFP (purple line) in relation to its 90-day transferring average (damaged traces) helps to establish price tops and bottoms while figuring out the potential long-term development of the cryptocurrency. When the Inter-Exchange Flow Pulse crosses below its 90-day average, it indicators a potential bear market and extended price downturn.
As noticed in the chart above, the IFP trended beneath the 90-day average early last 12 months, suggesting that the current bear market began as far back as the first quarter of 2025. While the Bitcoin price initially ran up to a new all-time high above $126,000, the flagship cryptocurrency has since shaved off almost 45% in worth since the cycle peak.
What’s more fascinating, the price of Bitcoin seems to have hit its backside, with the IFP crossing back above the 90-day average in current weeks. As Martinez talked about in his post on X, this crossover is a major buy signal that may counsel “big money is getting ready for a rally.”
However, buyers would possibly need to method the market with warning, particularly contemplating that the IFP can sometimes be a main indicator, which means that the bullish impact on price won’t mirror until later.
Bitcoin Price At A Glance
As of this writing, BTC is valued at around $70,360, reflecting a 0.3% price increase in the past 24 hours.
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