Bitcoin Slips To $62,000, Paring Rebound As CryptoQuant Sees Room Higher
The post Bitcoin Slips To $62,000, Paring Rebound As CryptoQuant Sees Room Higher appeared on BitcoinEthereumNews.com. Bitcoin traded near $62,000 today, surrendering part of a rebound that had carried it to $64,000 from last week’s bear-market low of $57,700. The pullback holds the price above the $60,000 level that CryptoQuant treats as support, though it trims a recovery of some 11% off the bottom. The dip came as CryptoQuant’s Weekly Crypto Report, published today and shared with Bitcoin Magazine, argued the backdrop skews toward further gains. Head of Research Julio Moreno framed the bounce as a bear-market recovery rather than a trend reversal, with one central caution: the firm’s Bull Score Index, an aggregate of on-chain, market, and valuation conditions on a 0-to-100 scale, sits at 20, inside the bearish zone at or below 40 and short of the 60 reading tied to a sustainable bull market. The report’s bullish case rests on seasonality. Across the past decade, July has ranked amon