Bitcoin has recently fallen 23% from its January peak of $109,000. This decline has sparked discussions about whether it signals the start of a new bear market or just a temporary correction. The Bull Score Index, which measures Bitcoin’s market health, has dropped to a concerning low of 20. This is the lowest the index has been since January 2023, when Bitcoin was trading at around $16,000 following the FTX collapse. The index, which assesses ten key indicators including network activity, investor profitability, and market liquidity, shows that eight of these metrics are currently flashing warning signs. Historically, Bitcoin has only sustained major price rallies when the Bull Score is above 60. Prolonged readings below 40 have typically coincided with bear markets. Additionally, U.S. spot bitcoin ETFs have seen net outflows of $180 million in the past 30 days, indicating softening demand. The coming weeks will be crucial in determining whether the market rebounds or continues its bearish trend.
L. Sebastian Purcell, PhD
@lspurcell
·
Mar 10 The bull is dead… or is it?
Both
@Bitcoin
and the TOTAL market cap have broken key support levels. Does this mean the bull market is over, or is there still hope for a bounce? Here’s what you need to know.
Watch the full Bull & Bear Breakdown now. #Crypto #StockMarket
moon chaser
@noomresahc
·
2h $BTC struggling at $84K, and key indicators flash bearish.
@cryptoquant_com
Bull Score just hit 2-year lows, and the dreaded bear flag pattern points to a potential crash to $60K
Analysts say we could be in for 6–12 months of chop.
You know what pal, I don’t trust this at all.
Crypto Auris
@crypto_auris
·
Mar 18 #Bitcoin bull run is over! According to this Bull-Bear Market Cycle Data Indicator
This chart offered strong buy signals in 2022-2023 but also gave a false bear signal in 2024, just before BTC skyrocketed from $69K to $110K.
Do you think this is another false signal, or are we
BubblyBabe
@annelee_1AL
·
10h UPDATE: Bitcoin Bull Score has hit a two-year low of 20, with BTC down 23% from its peak.
Historical data suggests strong rallies only occur when the score exceeds 60, while extended low scores below 40 typically indicate bear markets, according to CryptoQuant.
Watcher Oracle
@WatcherOracle
·
9h UPDATE: Bitcoin Bull Score drops to a two-year low of 20, with BTC down 23% from its peak. CryptoQuant data shows that significant rallies usually happen when the score surpasses 60, while prolonged low scores under 40 often signal bear markets.
Rananjay Singh
@TodayCryptoRj
·
10h #Bitcoin Bull Score Drops to 2-Year Low!
The Bull Score is now at 20, and $BTC is down 23% from its peak.
Strong rallies happen above 60
Bear markets form below 40
Right now, $BTC is deep in the danger zone.
Chart by
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