Get Ready! A New Bitcoin Bull Market Might Be Around The Corner — Should You Buy?

The Bitcoin price has been consistently hovering near the $70,000 mark this weekend, creating a fluctuating pattern above this crucial psychological threshold. Recent on-chain data shows that a significant buy signal has been triggered for BTC, suggesting the potential onset of a bull market.

Key Takeaways

Bitcoin has been trading around $70,000, with signals indicating a potential bull market.
Analysis suggests Bitcoin may have hit its price bottom, with the Inter-Exchange Flow Pulse showing positive changes.
Caution is advised for investors, as price changes may take time to be reflected in the market.
Current Bitcoin price is $70,360, reflecting a slight daily increase.

Bitcoin

Is Bitcoin’s Price Nearing Its Cycle Bottom?

On Saturday, March 21, well-known market analyst Ali Martinez took to the social media platform X to issue a bullish alert concerning Bitcoin, the world’s largest cryptocurrency by market cap. Martinez suggested that the leading cryptocurrency may be entering a phase of prolonged upward movement.

The basis for this optimistic forecast lies in a recent change in the Inter-Exchange Flow Pulse (IFP) metric. The IFP serves as an on-chain indicator that tracks Bitcoin movements between spot and derivative exchanges using flow data.

Changes in this metric are critical for gauging investor sentiment in the Bitcoin market. Typically, the IFP rises when large amounts of BTC are transferred to derivative exchanges, indicating an increasing risk appetite and the potential for a bullish phase.

The movement of the IFP (purple line) in relation to its 90-day moving average (dashed lines) helps identify price peaks and troughs while determining potential long-term trends for the cryptocurrency. A drop in the IFP below its 90-day average usually signals a bear market and a lengthened period of declining prices.

Bitcoin
Source: @alicharts on X

The chart above illustrates that the IFP fell below the 90-day average early last year, indicating that the current bear market began as far back as the first quarter of 2025. Although Bitcoin's price initially rose to a new all-time high above $126,000, it has since lost nearly 45% of its value since hitting that peak.

Interestingly, it seems Bitcoin has now reached its bottom, with the IFP crossing back above the 90-day average recently. As highlighted by Martinez in his post on X, this crossover signals a significant buying opportunity, suggesting that “big money is positioning itself for a rally.”

Nevertheless, investors are advised to tread carefully, as the IFP can sometimes be a leading indicator, meaning that the positive price effects might not be felt until some time later.

Current Bitcoin Price Overview

At the time of this writing, BTC is priced at approximately $70,360, which marks a 0.3% increase over the last 24 hours.

Bitcoin
The price of BTC over the daily timeframe | Source: BTCUSDT chart on TradingView