#CryptoMarketBouncesBack

Bitcoin's bull signals are strengthening as Bull Score Index data reaches its highest level since October, signaling the market's exit from the "extreme bear" phase.

Bitcoin (BTC), the leader of the cryptocurrency market, has begun showing signs of recovery following an extended period of suppression. Recent analyses shared by on-chain data platform CryptoQuant point to an important shift that could lift investor sentiment. According to the shared data, the Bull Score Index, which measures the overall trend in the market, has crossed a critical threshold and climbed to its peak in recent months.

With the index reaching the 30 level, the market has transitioned from the "extreme bear" phase, described as the most pessimistic zone, to the "bear" phase. This shift proves that there is an improvement in fundamental data despite the price's volatile movement between $65,000 and $70,000. Particularly, indicators such as exchange flows, increased stablecoin liquidity, and price momentum have begun signaling in favor of bulls.

Looking at the data, it can be seen that Bitcoin price is in a relief rally following the sharp declines experienced in recent months. The rise of the purple zone in the Bull Score Index chart symbolizes a slight reduction in selling pressure and buyers gradually attempting to take control. However, experts emphasize that this situation does not yet represent the beginning of a full bull market, only a positive development within the current bear market.

The current picture shows that Bitcoin is still technically in a bear market but the worst period may be behind us. The data points on the price chart are evolving from deep red tones representing the "extreme bear" period toward a more moderate phase. This new phase represents for investors an increase in market liquidity and the first footsteps of a potential trend reversal.