Bitcoin Sentiment Flatline: Bull Score Crashes To 0 – What This Means For The Market

Despite a bounce in the price of Bitcoin back to the $104,000 mark, bearish pressure still lingers heavily around the flagship crypto asset. BTC’s recent market turbulence and strong pullback have triggered a surprising shift in its market dynamics, as evidenced by a sharp decrease in the BTC Bull Score Index. Bullish Momentum Vanishes As its Bull Score Index crashes to 0, indicating a complete absence of bullish sentiment, which could signal further market challenges for the cryptocurrency, according to analysis from bitcoinist.