Bitcoin has entered the 'early bull market' zone for the first time since March 2023, according to CryptoQuant analyst MorenoDV. This shift suggests Bitcoin is moving away from a deep bear market, with signs of market structure recovery. Historically, similar signals in 2019 and early 2023 followed deep corrections and preceded stronger upward trends. However, MorenoDV warns that this signal does not guarantee the start of a new bull market. A similar signal in March 2022 marked a local top, followed by continued declines. While current indicators show improved market momentum, some data points indicate fatigue. If Bitcoin's price fails to break further, this signal might represent a local top rather than the beginning of a new bull market.