Bitcoin just broke through an important threshold — has a new bull market started?
- Bitcoin closed above the 365-day moving average at $80,500 for the first time since March 2023, signaling the possibility of the start of a new bull market according to CryptoQuant.
- This development came after the market’s positive internal indicators from CryptoQuant, which had already shown the early stage of the bull market in mid-August.
- Bitcoin has broken through a significant supply zone from $76,000 to $81,000; the next major supply area to watch lies between $88,000 and $90,000.
Source: CryptoPotato
🌍 Update by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin closed above the 365-day moving average at $80,500 for the first time since March 2023, signaling the possibility of the start of a new bull market according to CryptoQuant.
- This development came after the market’s positive internal indicators from CryptoQuant, which had already shown the early stage of the bull market in mid-August.
- Bitcoin has broken through a significant supply zone from $76,000 to $81,000; the next major supply area to watch lies between $88,000 and $90,000.
Source: CryptoPotato
🌍 Update by GemCrypto
$BTC
#Bitcoin #Crypto
