This “suggests a weak investment environment for Bitcoin, reducing the likelihood of a sustained rally in the near term,” CryptoQuant said, adding:“If the score remains below 40 for an extended period, it could signal the continuation of bearish market conditions, similar to previous bear market phases.”The report points out that a number of key metrics have turned red since mid-February 2025, “reflecting a deteriorating investment environment for Bitcoin.”Perhaps this is what informed CryptoQuant founder and CEO Ki Young Ju’s bearish sentiments when he said that the Bitcoin bull cycle is over.
Related: Here’s why Bitcoin price can’t go higher than $87.5KThis has seen its Bull Score Index drop to levels last seen in 2023, signaling a possible “continuation of bearish market conditions,” according to CryptoQuant’s latest Weekly Crypto report.
He added:“Expecting 6-12 months of bearish or sideways price action.”Bitcoin bear flag projects 28% more lossesFrom a technical perspective, BTC price trades within a bearish continuation pattern that indicates a potential correction ahead despite the ongoing consolidation.
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Author / Journalist: Cointelegraph by Nancy Lubale
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