Crypto
Bitcoin Breaks Above Key Trendline as Bull Market Signal Fires
Bitcoin has broken above its long-term trendline for the first time in three years, triggering a rare on-chain signal that preceded two previous bull markets.
The price surged past $80,500 and rose into the $85,897 zone, absorbing a massive wall of sell orders that had been holding back the market since mid-August.
According to analytics platforms Glassnode and CryptoQuant, this breakout has officially pushed the market into a confirmed uptrend, with the on-chain MVRV ratio crossing above its long-term average.