Bitcoin Reclaims Key Technical Level, Signaling New Bull Market

Bitcoin has closed above its 365-day moving average for the first time since March 2023, a move CryptoQuant identifies as a historical indicator of a new bull market cycle. The asset surpassed the $80,500 threshold, aligning with positive signals from the firm's Bull Score Index and Bull-Bear Market Cycle Indicator. Additionally, Bitcoin has cleared a significant supply barrier between $76,000 and $81,000, with the next major resistance zone identified between $88,000 and $90,000.