Is Bitcoin price going to crash again?

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. 

Nonetheless, BTC worth 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 Rating at two-year lows 

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

Associated: Right here’s why Bitcoin worth can’t go greater than $87.5K

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

Key takeaways:

Bitcoin’s Bull Rating 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 greater values signaling a robust funding atmosphere and decrease values indicating bearish circumstances.

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

Then again, 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 Rating Index is presently at 20, marking its lowest studying since January 2023.

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

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

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

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

“Anticipating 6-12 months of bearish or sideways worth motion.”

Bitcoin bear flag initiatives 28% extra losses

From a technical perspective, BTC worth trades inside a bearish continuation sample that signifies a possible correction forward regardless of the continuing 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 an area low of $76,600 between Jan. 21 and March 11.

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

A breakdown of this degree may set off one other worth 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 worth.

Common analyst AlphaBTC says it “could be dangerous” 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 text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call.