Bitcoin Bull Score hits 0: Has the selling reached a bottom?

Bitcoin’s Bull Score Index has fallen to zero, its most bearish possible reading, as CryptoQuant analysts weigh whether the latest retreat toward $73,000 is producing a local bottom or the start of a deeper correction. 0 out of 100 leaves none of the Bull Score’s 10 underlying indicators bullish. Analyst sentiment fell to −1.8 standard deviations as ETF withdrawals and inflation concerns weighed on confidence. Earlier bearish readings have accompanied both market recoveries and prolonged periods of falling Bitcoin prices. CryptoQuant research head Julio Moreno confirmed the reading in a Nov. 11 public update, writing: “Our Bitcoin Bull Score is at 0, the most bearish it can be.” The update followed a reading of 20 in the firm’s Nov. 10 research.

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