Bitcoin’s market sentiment indicator — the Bull Score Index — has dropped to 20, a level that has occurred only seven times in the past six years, marking an unusually low concentration of bullish signals across multiple on-chain and market metrics. Such extreme readings historically appear during transitional phases rather than sustained declines, often when selling pressure has mostly run its course.
The rare Bull Score environment suggests that downside momentum could be fragile, with cautious positioning potentially making the market sensitive to even modest increases in demand. However, this doesn’t guarantee an immediate price reversal — it may simply indicate an environment where further bearish sentiment has diminished.
Bitcoin’s price has rebounded toward the $96,000–$97,000 zone, approaching the important psychological and technical level of $100,000. Whether Bitcoin can break above this resistance and sustain higher levels will be crucial for confirming a broader bullish shift.
Technical context shows Bitcoin trading below its declining 50-week moving average, which remains a key resistance point. A reclaim of this level could increase the likelihood of a continuation toward higher targets. Conversely, failing to hold above current support levels might prolong consolidation.