Bulbothrix cinerea is a species of lichenized fungi within the family Parmeliaceae. Among other Bulbothrix species, only B. isidiza has isidia combined with an underside that is light coloured. B. isidizas are wider, while its thallus is pale, and contains . In turn, B. ventricosa is larger and a black underside and rhizinae. The African species B. decurtata is an obligately saxicolous lichen, and while similar, it has a dark underside and produces salazinic acid in its medulla. The species' name thus refers to its uncommon dark gray colouration of its thallus.
Bulbothrix cinerea possesses a dark gray thallus and is saxicolous, measuring between wide, being tightly . Its laciniae measure between wide, being shiny at the apex and laterally overlapping, also adnate. The species' ramification is irregularly dichotomous, with rounded apices, a crenate margin with a black line. It shows cilia that are between long. Lacinules, soredia and pustulae are absent in this species.
Its isidia are abundant, being laminal, cylindrical, irregular in diameter, and slightly inflated in shape. Its medulla is white, with a chestnut-dark brown coloured underside, being rugose, veined and papillate. The rhizinae are light brown, simple and bulbate, measuring between 0.1 and 0.5 mm long. Its apothecia are , about in diameter, while the amphithecia are . It counts with 8 spores per ascus, which are ellipsoid and measure between long and wide.
This saxicolous species finds itself tightly attached to its substrate and is frequently found on exposed quartzite rocks. It is known from Brazil, including the Espinhaço and Mantiqueira Mountains.