The “Bitcoin Bull Score” index is at the lowest level in two years

Amid the ongoing price retreat of Bitcoin (BTC), the Bull Score Index (Alcista Score Index) provides a bad foreshadowing to the market.

The index was developed by an on-chain cryptographic analytics company to determine whether the price adjustments were temporary or the beginning of a long bearish cycle. This is mentioned in a new report published on Thursday, March 20, 2025.

Despite a slight recovery from last week, BTC records a decline of more than 20% from the history maximum USD 109,000 marked 2 months ago. Historically, there has been a similar descent within the wider bull cycle, so it is important to identify whether it is about it or the beginning of a bear cycle, says Cryptoquant.

The Bitcoin Bull Score Index measures the percentage of 10 alsista metrics taking into account market keys. These include activities within the network, investor profitability, demand, and current liquidity.

The results range from 0 to 100, with high values ​​indicating a robust investment environment, while minors reflect bearish conditions. at the moment, The index is 20, the lowest level in over two years since January 2023when he leaves the final bear cycle as the next graphic.

This “we fear that recent price drops will become part of a broader bearish trend than short-term corrections,” says Cryptoquant.

Historically, Bitcoin only experiences a good price rebound if the Bullscore index is above 60. Meanwhile, long-term measurements below 40 are consistent with bear markets.

After that, the analyst company maintains it, If this index is maintained below 40 over a long period, it can indicate a continuation of the negative condition. In the same market as the stage before the last bear cycle.

“The upward cycle of bitcoin is over”: ki young ju

Cryptoquant Report It will be shown three days after the company founder and CEO Ki Young Ju announced his disappointing forecast for the market.. “Bitcoin Alsista Cycle is over and we expect a bearish or lateral action of six to 12 months,” he warned on Monday, March 17th.

The alert is based on a metric called “Signal 365 Ma” and tracks changes in the 365-day mobile average trends for various indicators. Among these are market capitalization and capitalization (MVRV), radius of profits on expenditures (SOPR), and level of unrealized profits (NUPL).

As shown below, 365 MA Signals have recently reduced climbing that has been maintained for two years.to examine the possibility of starting a bear market.

but, loss Indicators can reverse addresses so there is no mistake. In fact, Signal 365 Ma gave a false and temporary warning in 2020 for the bear market, resuming its ascending trend. Bitcoin prices later reached new historical maximum prices.

Currently, BTC is citing at least USD 84,000 in more than three months, after touching on US$76,000 last week.

Contrary to the fear of more falls, bullish perspectives coexist

Despite its bearish appearance, some analysts believe that the current set-off is a typical fix amid the wider upward trend. We hope that the planned interest rate cuts in the US this year will drive Bitcon’s new record price. As reported by Cryptootics, before starting the bear cycle.

For trader Ryan Wildley, BTC will resume its path to new record prices later this year, provided the bassist trend does not become acute. In agreement, investor David Zanoni expects assets to reach their cycle maximum around October 2025, when the average period of the last two bullish cycles is met.

With the separation of positions between potential bear markets and temporary fixes, the evolution of the Bullscore index and other metrics will be key to determining Bitcoin’s future in the coming months.