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Crypto

Bitcoin Bull Score Hits New High as Price Surpasses $80K

Guavy AI Editorial Team
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BTC
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CryptoQuant's Bull Score Index has reached 80, signaling 'Extra Bullish' conditions for Bitcoin. This comes as Bitcoin climbed above USD 80,000 in September with stronger market indicators than during its May move through the same level.

The index stood at 50 and showed a 'Neutral' reading when Bitcoin traded near the same price in May. Bitcoin has gained 14% over the past week and reached a seven-month high near USD 87,000.

CryptoQuant founder Ki Young Ju said Bitcoin reclaimed its 365-day moving average near USD 83,000 and moved above USD 84,000. The long-term average is often watched as an important dividing line between bearish and bullish market phases.

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