Is Bitcoin price going to crash once more?

Bitcoin (BTC) tapped $87,000 on March 20, 14% above its low of $76,60, reached on March 11 amid a slight enchancment in market sentiment. 

However, BTC price has since slid towards $84,000, down 2% over the past 24 hours, elevating questions on whether or not the asset may drop additional over the subsequent few days.

​​Bitcoin Bull Score at two-year lows 

Bitcoin’s latest drawdown noticed it drop as a lot as 30% from its all-time high above $109,000 reached on Jan. 20.

Related: Here’s why Bitcoin price can’t go higher than $87.5K

This has seen its Bull Score Index drop to ranges final seen in 2023, signaling a potential “continuation of bearish market circumstances,” in accordance to CryptoQuant’s newest Weekly Crypto report.

Key takeaways:

• Bitcoin’s Bull Score Index measures the proportion of a number of bullish metrics out of a complete of ten key indicators.

• These are indicators that monitor Bitcoin’s community exercise, investor profitability, demand, and market liquidity. 

• The index ranges from 0 to 100, with larger values signaling a robust funding setting and decrease values indicating bearish circumstances.

• Historically, a rating of 60 or extra has at all times been related to sturdy rallies, as seen throughout the 2021 bull market and once more from late 2023 to early 2024.

• On the opposite hand, values under 40 have traditionally aligned with bear markets, such because the downturns seen throughout the 2022 and mid-2023 bear markets.

• The chart above exhibits that the Bull Score Index is at present at 20, marking its lowest studying since January 2023.

• This “suggests a weak funding setting for Bitcoin, lowering the probability of a sustained rally within the close to time period,” CryptoQuant stated, including:

“If the rating stays under 40 for an prolonged interval, it may sign the continuation of bearish market circumstances, related to earlier bear market phases.”

The report factors out that a lot of key metrics have turned pink since mid-February 2025, “reflecting a deteriorating funding setting for Bitcoin.”

Perhaps that is what knowledgeable CryptoQuant founder and CEO Ki Young Ju’s bearish sentiments when he said that the Bitcoin bull cycle is over. He added:

“Expecting 6-12 months of bearish or sideways price motion.”

Bitcoin bear flag initiatives 28% extra losses

From a technical perspective, BTC price trades inside a bearish continuation sample that signifies a possible correction forward regardless of the continued consolidation.

Key factors:

• BTC is buying and selling inside a bear flag sample, indicating the potential of persevering with with the downward momentum if key help ranges don’t maintain.

• The bear flag developed after Bitcoin’s drop from $109,000 to a neighborhood low of $76,600 between Jan. 21 and March 11.

• The consolidation inside the bear flag has BTC buying and selling in an ascending parallel channel, with at this time’s drop testing essential help ranges, together with the decrease boundary of the flag at $83,700.

• A breakdown of this stage may set off one other price crash.

• The bear flag’s draw back goal, derived from the peak of the earlier drop, is roughly $60,000, representing a 28% decline from the present price.

Popular analyst AlphaBTC says it “can be unhealthy” if Bitcoin misplaced its 24-hour low at $83,630, which aligns with the flag’s help line. An accompanying chart initiatives a drop to $75,000 if this occurs. 

This article doesn’t include funding recommendation or suggestions. Every funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a choice.

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