Bitcoin sentiment falls to 2023 low, but ‘risk on’ environment may emerge to spark BTC price rally
From Cointelegraph
April 4, 2025 1:05:00 pm:
Bitcoin is in a bearish phase, with investor sentiment at a two-year low. The bull score index dropped below 40 in February 2025. Despite US stock market losses, Bitcoin closed positively on April 3. S&P 500 and Dow Jones declined on April 4, while Bitcoin remained steady. Data suggests Bitcoin may be entering a risk-on phase. The Value Days Destroyed metric indicates a transitional phase for Bitcoin’s price. The market could see renewed accumulation before a bullish breakout. Amid trade war uncertainty, Bitcoin could benefit as a hedge against traditional market volatility. The Fear & Greed Index shows fear, presenting a potential buying opportunity for investors.
Read more at Cointelegraph: Bitcoin sentiment falls to 2023 low, but ‘risk on’ environment may emerge to spark BTC price rally