CryptoQuant says bitcoin must clear resistance at $81,700 to confirm new bull market
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According to ChainCatcher, Julio Moreno, Head of Research at CryptoQuant, stated that Bitcoin's 24% surge in two weeks has temporarily stalled, currently fluctuating between $76,000 and $82,000. The overall trend remains bullish, but a break above the 365-day moving average near $81,700 is needed to confirm a new bull market; failure to break through this level may lead to continued range-bound trading. On-chain data shows that $77,100 to $80,20…
Bitcoin Needs to Clear $81,700 Before the Next Bull Run Starts
Bitcoin is stuck. Right around $81,700, there’s a wall — and until it breaks through, the bull market case stays… Read the original on Bitcoin’s Path to Bull Market Depends on Breaking $81,700 Resistance. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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