Bitcoin Bull Score Index Turns Neutral For First Time This Bear Market
Bitcoin’s Bull Score Index has climbed back to 50, moving out of outright bearish territory and into what CryptoQuant’s Julio Moreno described as a neutral zone. In a post on X, the CryptoQuant head of research wrote: “First time in this bear market that the Bull Score Index enters neutral zone (50). In March 2022, the Bull Score entered neutral territory for about a week, and then the price resumed its decline.” What This Means For Bitcoin Price That comparison is doing most of the work here. Moreno is not presenting the move to 50 as confirmation of a durable trend reversal. He is....
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CryptoQuant’s Bitcoin Bull Score Index has jumped from 20 to 50 in just four days, suggesting a swift shift out of bearish territory for the asset. Bitcoin Bull Score Index Is Back In Neutral Region In a new post on X, CryptoQuant head of research Julio Moreno has talked about the latest trend in the analytics firm’s Bull Score Index. This indicator basically tells us about which phase of the market Bitcoin is in right now. The index combines the data of several key on-chain metrics to determine its value. Some of these indicators include the Market Value to Realized Cap (MVRV)....
CryptoQuant’s Bitcoin Bull Score Index has dropped to a value of 20, hinting that a potential bearish transition could have occurred for the asset. Bitcoin Bull Score Index Is Now In “Extra Bearish” Territory In a new post on X, CryptoQuant community analyst Maartunn has shared how the analytics firm’s “Bull Score Index” has changed for Bitcoin after its recent price drawdown. The Bull Score Index is an indicator that tells us about the market phase the cryptocurrency is currently going through. It determines this by referring to a bunch of key on-chain....
CryptoQuant’s Bitcoin Bull-Bear Cycle Indicator is flashing a green signal for the first time since March 2023. Here’s what it could mean for the asset. Bitcoin Now In “Early Bull” Phase On CryptoQuant’s Market Cycle Indicator As highlighted by an analyst in a CryptoQuant Quicktake post, the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator has signaled a shift for the cryptocurrency recently. This indicator tells us, as its name suggests, about the phase of the cycle that BTC is potentially inside right now. Related Reading: SUI Surges 40%: Analytics Firm....
CryptoQuant’s Bitcoin Bull Score Index has jumped to a value of 30, indicating bearish conditions persist for the asset, but are no longer as extreme. Bitcoin Bull Score Index Has Seen A Small Uptick In a new post on X, CryptoQuant head of research Julio Moreno has talked about the latest trend in the Bull Score Index for Bitcoin. This indicator basically tells us about the phase of the market that the cryptocurrency is currently in. The metric determines this by referring to the data of ten indicators covering different aspects of the network. Some of the major on-chain indicators....
The Bitcoin market appears to be at a critical phase, as evidenced by data from a recent on-chain evaluation. According to this latest analysis, the Bitcoin price shows few signs of a clear directional trend, with uncertainty as the prevailing structure. Related Reading: Bitcoin Set For $80K Retest, Options Flash Potential Short Squeeze – Details Bull Score Index Within Neutral Territory In an X post on May 2, pseudonymous market analyst Darkfost reveals that Bitcoin is in a transitional phase, based on a reading from the Bitcoin Bull Score Index. For context, this metric primarily....