
CryptoQuant: The Bitcoin Bull Market Index has risen to 80; Bitcoin will officially enter a bull market only after breaking above $83k.
Bitcoin has surged more than 25% since last week, briefly reaching $81,000, driven by the U.S. Treasury’s plan to double its long-term Treasury buybacks to $4 billion per operation starting Sept. 9. According to a report published this week by Julio Moreno, head of research at on-chain analytics firm CryptoQuant, Bitcoin has historically entered a bull market only after breaking above its 365-day moving average, which is currently at $83,100. Two Major Drivers Behind Bitcoin’s 25% Weekly Gain Ac








