Bitcoin's Bullish Trend Hinges on $83,000 Threshold

CryptoQuant's Bull Score has increased from 30 to 80 in one week, indicating a bullish trend in Bitcoin. This score is based on ten indicators, eight of which are now showing a bullish signal.

The key threshold for validating this new market phase is $83,000, with CryptoQuant waiting for a weekly close above its 365-day moving average to confirm the transition.

Joel Kruger, a market strategist at LMAX Group, also notes that the $82,820 level, the peak of May 2026, would be a crucial crossing point for confirming a significant cycle low and shifting attention towards the next major move beyond $100,000.