Bitcoin News: Will BTC Price Drop More as Bullish Score Index Hits Record Low of 10?

The cryptocurrency market demonstrates rapid fluctuating patterns, but Bitcoin market sentiment is now leading to another period of decline. This article studies Bitcoin’s Bull Score Index drop during the present market dynamics to analyze its short-term and long-term implications for investors.

The Fall of Bitcoin: A Severe Bearish Shift in Market Sentiment

Bitcoin’s market value underwent a substantial decline after reaching the previous peak at $87,000 when it lost 5.7% of its worth in the pst 24 hours. The digital currency maintains a value that stands at least 24.7% below its previous record high of $109,000. Market sentiment for cryptocurrency weakened further due to economic uncertainties worldwide while investor skepticism grew sharply before this quick market decline.

The Bull Score Index from CryptoQuant serves as a major sentiment measure for Bitcoin since it monitors Bitcoin market sentiment throughout the cryptocurrency industry. The extreme bearish conditions emerge from a Bull Score Index value which dropped from its previous highs above 40 to its all-time low of 10. Bitcoin face significant short-term challenges because the Bull Score Index stands near its all-time minimum with an overall market reading of just 10.

Image 1- Bulls Score Index, published by CryptoQuant on April 4, 2025

Research analysts predict that Bitcoin traders must maintain caution as the market price decline combines with a decrease in sentiment score. The declining market confidence makes Bitcoin price prediction increasingly challenging.

The Bull Score Index: A Key Indicator of Market Sentiment

Market sentiment depends heavily on the reading of the Bull Score Index, which functions as an essential tool for identifying current market trends. A high index score reveals bullish market sentiment because more investors expect increased prices and risk tolerance during such conditions. When the index reaches a score of 10, the market shows significant pessimistic attitudes, and investors believe the Bitcoin price will decline further.

The CryptoQuant analyst Julio Moreno warned about the concerning market conditions signified by the low Bull Score Index. Bitcoin managed to reach the $96K price point, but the Bull Score Index dropped under 40 points permanently and this indicates a bearish market phase has started. Due to the unusually low position of 10 on the index, investors believe Bitcoin prices will drop further, so they refrain from taking investment risks. Investor’ doubts about Bitcoin’s future impact trading choices as they choose to sell their assets more frequently and avoid purchasing additional units in the market.

Image 2- Provided by Maartun, published on Crypto Quant, April 4, 2025

The Spent Output Age Bands metric shows that Bitcoin owners from past years may be planning to cash out their assets. 1,057 Bitcoins residing in wallets without movement lasting from 7 to 10 years were recently transacted, which indicates that even highly patient investors are now becoming more actively involved in the market. The diminished faith of long-term holders adds to market negativity due to their selling behavior.

Diverging Opinions: Can Bitcoin Bounce Back?

Analysts provide mixed evaluations about Bitcoin’s future because they differ about the severity of the current market situation. Crypto analyst Javon Marks believes Bitcoin could rebound based on its current Relative Strength Index (RSI) indicator values. Mark’s points to an identical RSI behavior at vital levels just before Bitcoin propelled up after its market downturns. Maintaining the existing breakout of the RSI could indicate powerful upward market movement towards a bullish transformation.

Bitcoin's daily RSI continues to hold broken out!

The last time a breakout similar to this took place, a roughly +75% increase at major speeds followed.

Speed, Power, and Intensity. $BTC can be developing it all and getting ready to showcase it soon… pic.twitter.com/lopyqk0VTp

— JAVON⚡️MARKS (@JavonTM1) April 2, 2025

Titan of Crypto cautions Bitcoin investors to protect vital supports because Bitcoin needs to stay above crucial boundaries to prevent major price dips. In Titan’s opinion, the market risks further declines which will result in more losses when Bitcoin cannot sustain support levels. The risk of enduring bearish market conditions increases substantially when Bitcoin fails to defend its support levels, since price drops below those levels could trigger a prolonged bearish trend.

Bitcoin needs to overcome the present crucial technical obstacles before it can restore bullish conditions. The negative Bitcoin market sentiment makes it difficult to obtain support needed from strong buying players.