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LATEST: CryptoQuant says Bitcoin's price rebound is still a bear-market recovery, not a trend reversal, with its Bull Score Index remaining bearish.
CryptoQuant reported that Bitcoin's recent price rebound is viewed as a bear‑market recovery rather than a genuine trend reversal, and its Bull Score Index continues to signal bearish conditions.
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What happened
CryptoQuant reported that Bitcoin's recent price rebound is viewed as a bear‑market recovery rather than a genuine trend reversal, and its Bull Score Index continues to signal bearish conditions.
Confirmed
Global impact / market context
A rebound that is only a recovery suggests limited upside for Bitcoin, keeping investor sentiment cautious and potentially slowing new capital inflows into the broader cryptocurrency market.
Confirmed
The crypto market remains in a downtrend, with key indicators like the Bull Score Index showing bearish bias, indicating that overall price momentum is still negative.
Confirmed
What to watch
- Future movements of CryptoQuant's Bull Score Index; a shift to bullish would signal stronger buying pressure and possible trend change. Confirmed
- Bitcoin price stability above recent support levels; sustained gains could attract more retail and institutional buying. Confirmed
- Broader crypto asset performance; if other major coins also recover, it may indicate a wider market rally beyond Bitcoin. Confirmed
Affected assets
- BTC — Bitcoin