Crypto news report · source clearly identified
CryptoQuant Says Bitcoin Bull Market Awaits $83,000 Break
CryptoQuant notes that Bitcoin’s bull market is considered official only after the price moves above its 365‑day moving average, roughly $83,000.
CryptoQuant, a blockchain analytics firm, highlighted that Bitcoin’s historical bull markets are recognized only after the price surpasses its 365‑day moving average. The firm estimates this threshold to be around $83,000.
Key Indicator: 365‑Day Moving Average
The 365‑day moving average serves as a long‑term trend line for Bitcoin. According to CryptoQuant, crossing this line has historically marked the start of a sustained upward phase.
Current Price Context
Bitcoin is trading below the $83,000 level, meaning the market has not yet met CryptoQuant’s criteria for an “official” bull market.
Implications for Traders
- Breakout above $83,000 could signal stronger buying pressure.
- Failure to breach the level may keep the market in a consolidation phase.
Source & attribution
News Source
- Publisher
- The Block
- Original date
- August 26, 2026, 4:02 PM
- Original headline
- CryptoQuant says bitcoin has entered bull market but needs to cross $83,000 for ‘official’ confirmation