Bitcoin is trading near $84,000, up from $76,500 a week ago, though a widely watched market model shows little conviction behind the move. According to Axel Adler Jr, the Bitcoin Regime Score briefly touched Strong Bull territory twice this week, hitting +52 on September 19 and +64 on September 22, before drifting back near zero both times. Confidence in that score has also weakened, falling from 50% to 22% over the past 24 hours, close to its monthly low of 19%. A low reading means bullish and bearish signals are roughly canceling out, not that the market is calm. Bitcoin remains 3.7% below its monthly high of $87,200, with no clear directional signal in place right now.
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