Why October Could Be the Best Time to Exit Before the Bear Market Begins
Summary
Several on-chain and technical indicators are flashing bearish signals, suggesting that October could represent the last favorable opportunity for investors to exit the crypto market before a potential bear market begins. 10x Research's Bull/Bear Market Indicator has turned bearish, noting stalled momentum and fading signals that previously fueled the rally, leading them to anticipate a pullback toward $100,000.
Furthermore, CryptoQuant's Bull-Bear Market Cycle Indicator has entered the "Bear" zone, with its 365-day moving average nearing zero, historically signaling the start of prolonged bear markets when it slips below zero. Technical analysis by Alejandro’TC on X shows that Bitcoin's monthly Relative Strength Index (RSI) has retested and weakened after breaking its long-term upward trendline, a pattern that preceded previous major crashes.
While a four-year cycle model suggests a cycle peak around October 2025, these converging bearish signals advocate for caution. However, the article notes that bullish factors like potential Fed rate cuts, capital rotation from gold, and strong ETF accumulation could still support momentum, making the coming months critical for market direction.
(Source:BeInCrypto)