CryptoQuant says bitcoin must clear resistance at $81,700 to confirm new bull market
60-second summary
CryptoQuant says Bitcoin must break through resistance at $81,700, then sustain momentum up to $88,700, to confirm a new bull market. Analysts note that clearing this zone would signal strong buying pressure and could trigger fresh inflows from institutional traders. Failure to breach may keep the rally stalled, limiting upside potential and keeping market sentiment cautious.
Bitcoin's outlook remains bullish, but it needs to clear a significant range of resistance levels stretching to $88,700, CryptoQuant said.