CryptoQuant Analyzes Bitcoin’s Path Following Recent Rally and Resistance

Bitcoin's recent surge toward $82,000 has encountered significant resistance, with CryptoQuant analysts highlighting the 365-day moving average at $81,700 as a critical threshold for confirming a new bull market. While the outlook remains constructive, Bitcoin faces further hurdles at the $83,600 and $88,700 levels. Furthermore, long-term holders have offloaded 539,000 BTC between $77,100 and $80,200, creating a substantial supply wall that the asset must absorb to sustain further gains.