Bitcoin's Bull Market Gains Momentum
CryptoQuant has identified a new bull market in Bitcoin, citing an 80 Bull Score after a 24% rally that pushed key onchain and demand indicators into bullish territory.
The analytics firm's Bull Score jumped to 80 from 30 over the past week, hitting its highest level since October 2025. Eight of the index's 10 underlying indicators are now flashing bullish.
A weekly close above $83,000 is needed to confirm the shift to a new bull market, according to CryptoQuant. The current price is around $79,000, according to CoinGecko data.
CryptoQuant pointed out that accelerating spot demand and growing futures demand are supporting the rally. Market strategist Joel Kruger noted that a clear break above the May 2026 high of $82,820 would reinforce the view that a meaningful cycle low is in place.