Bitcoin market trend turns bullish with 79.4% confidence, analyst says

The Bitcoin market trend has shifted from bearish to bullish over the past two weeks, with increased alignment among various indicators, according to on-chain analyst Axel Adler Jr. In a blog post, Adler noted that his Regime Score, a composite market direction indicator, is currently at a moderate +34.7, having remained in positive territory for about 80% of the past week. He added that the accompanying Regime Confidence metric is at 79.4%, well above the monthly average of 57.3%, indicating higher reliability for the bullish signal. Adler explained that the trend would be further confirmed if the score reaches +50 with confidence holding near 80%. However, he warned the trend could collapse if the score drops below zero for more than 24 hours and confidence falls below 40%. The Regime Score synthesizes data from taker flows, open interest, funding rates, ETF flows, exchange activity, and price trends to gauge market direction on a scale of -100 to +100.