Despite a bounce in the price of Bitcoin back to the $104,000 mark, bearish pressure still lingers heavily around the flagship crypto asset. BTC’s recent market turbulence and strong pullback have triggered a surprising shift in its market dynamics, as evidenced by a sharp decrease in the BTC Bull Score Index.

Bullish Momentum Vanishes As Bitcoin Traders Step Back

While Bitcoin’s price has showcased robust bearish and downward action, several key metrics that measure market performance are starting to flip into a negative territory. The most recent metric that has turned negative is the Bitcoin Bull Score Index , which may imply that market optimism is seeing a hard reset.

In a quick-take post on the CryptoQuant platform, a market expert and author with the nickname IT Tech,

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