Summary
- Bitcoin has entered a recovery phase, with the Bitcoin Bull Score Index (BSI) rising to 40.
- The BSI fell from 80 in October 2025 to 10 in early March 2026 before rebounding, indicating a gradual improvement in market sentiment.
- Analysts identified $72,000 as a key support level and said failure to hold it could erase Bitcoin’s recent gains.
Forecast Trend Report by Period
Bitcoin has entered a recovery phase, though whether it can hold a key support level may determine its next move.
CryptoQuant’s Bitcoin Bull Score Index, or BSI, rose to 40 on April 15, crypto-focused outlet Crypto Basic reported. The reading suggests the market has moved into a recovery phase.
The BSI had fallen from 80 in October 2025 to 10 in early March 2026 before rebounding recently, indicating a gradual improvement in market sentiment.
Analysts identified $72,000 as a critical support level. If Bitcoin fails to hold that price, it could give back its recent gains.
Market participants are watching both the recovery signal and whether Bitcoin can defend that level. Whether the support holds is set to be a key driver of short-term direction.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
