Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Bitcoin needs to stand above $81,700 to confirm a new bull market.
CryptoQuant pointed out that although it believes the broader market structure is bullish, Bitcoin (BTC) must close above $81,700 to confirm the start of a new bull market.
Key Points
·Bitcoin rebounded 24% in two weeks, but remains below the key resistance level of $81,700, which is the threshold for confirmation of a new bull market.
·Other resistance levels are at $83,600 and $88,700 respectively; potential support levels may appear around $70,000 and in the range of $62,000 to $65,000.
·Long-term holders sold as many as 539,000 bitcoins in the main supply area, while purchasing approximately 476,000 bitcoins in the deeper support range.
Bitcoin Resistance Analysis
According to a report released by CryptoQuant on Friday, Bitcoin has risen 24% in the past two weeks, but its gains have stalled as prices fluctuate between $76,000 and $82,000. When the report was released, cryptocurrency prices were hovering around $77,000.
Julio Moreno, head of research at CryptoQuant, points out that the closest and heaviest on-chain supply area above current prices lies between $77,100 and $80,200. In a 30-day period this year, long-term holders sold as much as 539,000 bitcoins within that range. "The trend remains constructive, but there is a wall of resistance ahead," Moreno said.
The next major technical barrier is around $81,700, Bitcoin's 365-day moving average. Moreno said that historically, when prices close above that moving average, it marks the official start of the bull market. If Bitcoin fails to break this moving average, he said the market may continue to trade within its current range.
CryptoQuant bullish signal
Above $81,700, CryptoQuant identified another resistance level of $83,600 based on the 3x Metcalfe band, a model that uses network activity such as active addresses to estimate the value of Bitcoin. Subsequently, selling pressure could appear around $88,700, which is the upper limit of the company's traders 'realization of the price model. "This cap marks the area historically where profit-taking has occurred for traders," Moreno said.
If Bitcoin turns downward, Moreno points out that around US$70,000 (its 200-day moving average) will be the first major support level. He also identified a deeper support range, between $62,000 and $65,000, where long-term holders have accumulated approximately 476,000 bitcoins this year.
"The overall pattern remains bullish; Bitcoin only needs to absorb selling pressure above and break through the valuation ceiling before a new upward wave can unfold," Moreno concluded.
The aggregation of these resistance levels is important because they place multiple technical and chain barriers within a relatively narrow price range. CryptoQuant's model has tracked similar thresholds in previous cycles. For example, when Bitcoin reached an all-time high of $126,000 in October 2025, its three-fold Metcalfe band was close to $138,000; while when Bitcoin first exceeded the $100,000 mark in December 2024, the two-fold band was close to the market price.
