CryptoQuant: Bitcoin Must Break $81,700 to Confirm Bull Market

Bitcoin must break — Analysts at CryptoQuant say Bitcoin must overcome a key resistance level to solidify its bullish trajectory, identifying a significant price zone that needs to be cleared.

The on-chain analytics firm stated that while the outlook for Bitcoin remains positive, the asset needs to decisively break through resistance at $81,700 to confirm the start of a new bull market. This level represents a critical technical hurdle for the cryptocurrency’s price action.

Beyond that initial point, CryptoQuant identified a broader range of resistance stretching up to approximately $88,700 that Bitcoin would need to navigate. The analysis suggests that sustained trading above these levels is necessary to validate a stronger, longer-term upward trend.

The firm’s assessment highlights the importance of key price thresholds in market structure, even amid a generally optimistic sentiment. Traders and investors often watch such technical levels for confirmation of major trend changes.