CryptoQuant: Bitcoin needs to clear $81,700 to confirm new bull cycle

CryptoQuant analysts suggest that while Bitcoin maintains a bullish structure, it must surpass the $81,700 resistance level—corresponding to the 365-day moving average—to confirm a new positive cycle. Despite a 24% rally over the past two weeks, the asset has struggled to consolidate above $80,000. Further resistance levels are identified at $83,600 and $88,700, where profit-taking is expected. Conversely, the 200-day moving average near $70,000 serves as a critical technical support floor. Market sentiment remains cautious ahead of Federal Reserve interest rate decisions and the CLARITY Act vote.