Crypto
Bitcoin Bull Market Hinges on $83,000 Weekly Close
CryptoQuant's Bull Score has risen to its highest level since October 2025, signaling possible signs of a new Bitcoin bull market.
The score jumped from 30 to 80 in one week, with eight out of ten indicators showing bullish conditions.
Bitcoin price has gained over 25% since early last week, briefly moving above $81,000 before easing near $79,000.
CryptoQuant's research head, Julio Moreno, stated that past bull markets started after Bitcoin moved above its 365-day moving average, which currently sits at around $83,000.
To confirm a new bull market, Bitcoin must close a full week above this level, according to CryptoQuant.