Bitcoin has slipped below crucial support levels, including the 365-day moving average, as CryptoQuant's Bull Score index reached zero for the first time in over three years. The cryptocurrency is trading at $102,298, marking a 7% weekly loss and a 16% decline over the past month. Analysts caution that if Bitcoin fails to recover above $100,000, it could face further declines toward $72,000. Market fundamentals show increased outflows and reduced network activity, with Bloomberg's Mike McGlone warning of a potential 50% drop if current trends persist.