Bitcoin (BTC) is currently experiencing one of its least bullish phases since January 2023, with investor sentiment at a two-year low, as indicated by Bitcoin\u2019s \u201cbull score index.\u201d According to CryptoQuant\u2019s \u201cCrypto Weekly Report\u201d newsletter, a bull score index reading below 40 for extended periods increases the likelihood of a bear market. Despite this, Bitcoin has shown resilience in the past 24 hours, closing with gains while the US stock market saw significant losses. Data from CryptoQuant suggests that Bitcoin\u2019s Value Days Destroyed (VDD) metric is at 0.72, indicating a transitional phase that could lead to price consolidation or renewed accumulation before a bullish breakout. This transitional phase opens the possibility of a \u201crisk-on\u201d market for Bitcoin, where investors embrace higher-risk assets like cryptocurrencies amid market uncertainty. The Crypto Fear & Greed Index also indicates a \u201cfear\u201d category, presenting a potential buying opportunity for investors. With ongoing market volatility driven by factors like the US-led trade war, Bitcoin could benefit unexpectedly from these conditions. Traders and analysts believe that Bitcoin and the crypto market could serve as a hedge against traditional market fluctuations, absorbing selling pressure well. As the market navigates these turbulent times, it is essential for readers to conduct their own research and exercise caution in investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) is currently experiencing one of its least bullish phases since January 2023, with investor sentiment at a two-year low, as indicated by Bitcoin\u2019s \u201cbull score index.\u201d According to CryptoQuant\u2019s \u201cCrypto Weekly Report\u201d newsletter, a bull score index reading below 40 for extended periods increases the likelihood of a bear market. Despite this, Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/88111"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=88111"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/88111\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=88111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=88111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=88111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}