The upward movement in Bitcoin and altcoins continues to attract attention. BTC has climbed above $87,000 since January, and analysts say it is giving significant technical signals confirming Bitcoin’s entry into a new bull market.
At this point, according to CryptoQuant analysts, Bitcoin (BTC) has crossed its 365-day moving average again for the first time in nearly three years, signaling a significant shift in the long-term market outlook.
New Bull Market Signal in Bitcoin: Critical Level Exceeded!
In its latest report, CryptoQuant stated that Bitcoin has given a technical signal indicating the start of a new bull market by rising above the 365-day moving average, which is used to track long-term market trends.
According to CryptoQuant’s weekly analysis, BTC’s reclaiming of the 365-day moving average around $80,500 was considered a significant indicator that the market was changing direction.
This means BTC has recovered that average for the first time since March 2023.
The company stated that in past market cycles, Bitcoin rising above its 365-day moving average coincided with the start of bull markets, while falling below this level coincided with bear markets.
CryptoQuant stated that bull markets were observed after the indicator rose above the levels seen in 2019 and 2023, while downward breaks in late 2021 and November 2025 coincided with bear market periods.
According to the report, the 365-day moving average, as well as the Bull Score, have been in bullish territory since mid-August and are currently at the 80 level. The Bull-Bear Market Cycle Indicator has also moved from the early bull phase to the “Bull” phase. At this point, CryptoQuant noted that three indicators signaling in the same direction offer stronger confirmation compared to a single indicator.
Breaking Through Key Resistance Levels Also Supports the Bullish Outlook!
Bitcoin’s vượt qua the key supply zone between $76,000 and $81,000 was also among the key developments highlighted in the analysis.
At this point, Bitcoin has surpassed the $76,000-$81,000 range where long-term investors and early adopters who hadn’t moved in over seven years made significant sell-offs earlier in the year. According to CryptoQuant, this region stood out as one of the areas where long-term Bitcoin holders concentrated their selling pressure.
It was stated that with this level being surpassed, Bitcoin has overcome the strongest supply resistance it has faced in the short term.
Thus, the next significant resistance zone for the price has shifted to the $88,000-$90,000 range. The $90,000 level is particularly important as it intersects with the upper band of the on-chain price action for investors. CryptoQuant noted that as the price approaches this region, selling pressure could increase as investors’ profit margins widen.
Critical Support Levels for Bitcoin: $80,400 and $70,600!
Despite the bullish outlook and signals, CryptoQuant also pointed out that corrections in the Bitcoin price are possible.
According to the analysis, the 365-day moving average around $80,400 acts as a significant support, while the 200-day moving average at $70,600 stands out as a more critical support level below.
CryptoQuant notes that while momentum and technical indicators are upward, price corrections can be seen in the early stages of a bull market, and the current uptrend does not completely rule out such pullbacks.
*This is not investment advice.
