The Bitcoin bull-bear market cycle indicator, which tracks investor sentiment phases, has flipped to signal bullish conditions, following three days of flashing red as Bitcoin’s price plummeted to levels not seen since February. “Most Bitcoin on-chain cyclical indicators that were hovering near the borderline have now shifted back to signaling a bull market,” CryptoQuant founder and CEKi Young Ju wrote in an Aug. 9 X post. “Bitcoin is still in a bull market,” pseudonymous crypto trader PlanB added. “BTC was discounted for only three days,” Ju claimed. The analysis comes after Bitcoin fell to $…