Bitcoin Bull Score crashes from 80 to 30 after Fed rate hike
- —Bull Score Index fell from 80 to 30 in a week; below 40 is bearish territory
- —The Fed raised rates by 25 bps to 3.75-4.00% on September 16
- —Bitcoin is around $76,000, down about 4% over the week
- —A return to a bull market requires a Bull Score above 60 and a close above $83,000
Why it matters: The signal confirms a shift in sentiment: without the index returning above 60 and the price above $83,000, sustained gains are unlikely.
Source: Crypto Briefing