!!The bullish score index of Bitcoin reaches its annual high!!
After registering one of its least bullish phases in two years during April, sentiment towards Bitcoin changed dramatically to its highest reading in 2025. Data from CryptoQuant indicated a dramatic increase in the bullish score index of Bitcoin, which shot up from 20 to 80, a level historically associated with significant price increases.
Bitcoin: bullish score index. This change, driven by increasing cash demand that exceeds supply, reflects patterns observed after the halving in April 2024, suggesting that Bitcoin may be poised for greater gains.
Additionally, although the Bitcoin Fear & Greed Index is rising, currently at 53.3%, it remains below the "overbought" zone above 80%. There are possibilities of a market “rally” and surpassing Bitcoin's all-time high near 110,000 dollars.
