Bitcoin's Bull Score Rockets Past 80 as Price Nears $81,000

The Bull Score for Bitcoin has reached an impressive 80 according to Cryptoquant's metric. This significant increase from 30 just one week ago represents the fastest market health improvement since early 2026.

This surge in the Bull Score coincided with a notable price rally, with Bitcoin briefly surpassing $81,000. The 24% increase is a clear sign of growing demand for the cryptocurrency.

Despite these strong bullish signals from multiple market indicators and rising demand in both spot and futures markets, Cryptoquant emphasizes that a weekly close above $83,000 is necessary to confirm a new bull market. Until then, the current price movement is seen as an initial phase of a potential new cycle rather than a confirmed trend.