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Bitcoin Must Clear $81,700 to Confirm a New Bull Market!
Bitcoin’s broader outlook remains constructive, but @cryptoquant_com says the market still faces a significant wall of resistance.
The key level is $81,700, currently aligned with Bitcoin’s 365-day moving average. Historically, a decisive close above this indicator has helped confirm the beginning of a new bull-market phase.
If BTC breaks through, additional resistance awaits at $83,600 and $88,700. Failure to reclaim these levels could keep Bitcoin trading within its current range.
BTC is currently hovering near $77,200, while CryptoQuant identifies potential downside support around $70,000, followed by the $62,000–$65,000 zone.
For now, momentum looks constructive but the breakout has not yet been confirmed.
$BTC