Bitcoin Bull Score Hits 80 as $83,000 Resistance Looms

Bitcoin's price has rallied sharply over the past week, with onchain analytics firm CryptoQuant reporting a significant shift in market sentiment that could signal the early stages of a new bull market. The firm's proprietary Bull Score indicator surged from 30 to 80 within seven days, its highest reading since October 2025 and the fastest acceleration in a year. This move coincided with Bitcoin gaining more than 25% since early last week, briefly climbing above $81,000 before easing toward $79,000 as traders assessed the sustainability of the rally.

The Bull Score is a composite metric that evaluates ten network and market indicators simultaneously. According to CryptoQuant, eight of these ten indicators now show bullish conditions. A key development is that spot and futures demand for Bitcoin are rising together for the first time since early October 2025, a combination the firm views as a stronger signal than either demand source moving alone. This shift represents a sharp reversal from earlier in 2026, when the Bull Score fell as low as 20 amid weaker demand and market stress.

Despite the positive momentum, CryptoQuant has identified a critical threshold that must be cleared...