Technical analysis by Gold_Hunters_Club about Symbol BTC: Sell recommendation (8/7/2025)

Bitcoin is showing signs of short-term consolidation or mild downside risk after reaching an all-time high of over $123,000 last month, according to onchain analytics firm CryptoQuant. "Bitcoin has entered a bullish cooldown period, as the Bull Score Index declined from 80 to 60. While conditions remain positive, momentum has softened," CryptoQuant said in a report shared with The Block on Thursday. CryptoQuant's Bull Score Index gauges the strength of the bitcoin market based on various on-chain indicators. Scores closer to 100 suggest strong buying momentum and bullish sentiment, while scores near zero indicate heavier selling pressure and negative outlooks. At its current level of 60, the index still points to a broadly bullish regime, but with fading momentum. CryptoQuant said the dip in the index reflects both profit-taking after bitcoin's recent all-time high rally and a seasonal slowdown in trading activity during the summer.