LATEST: CryptoQuant says Bitcoin's bull market is now "confirmed," with technicals, valuation, and on-chain data all pointing higher after BTC reclaimed its $80,500 365-day average.

What happened

CryptoQuant says Bitcoin's bull market is now confirmed, with technicals, valuation, and on-chain data all pointing higher after BTC reclaimed its $80,500 365-day average.

Confirmed

Global impact / market context

If Bitcoin's bull market is confirmed after reclaiming its $80,500 365-day average, investors may expect further price gains, which could increase demand for Bitcoin and related assets such as the CMC20 index.

Analyst inference

A 365-day average is the typical price over the past year, and reclaiming it means Bitcoin trades above that level. CryptoQuant's confirmation, based on multiple data types, may shift investor positioning toward Bitcoin.

Analyst inference

What to watch

1. CryptoQuant says Bitcoin's bull market is confirmed, so watch whether BTC continues trading above its $80,500 365-day average in the coming sessions. Confirmed
2. Watch whether technicals, valuation, and on-chain data keep pointing higher, as CryptoQuant suggests, which would support the confirmed bull market view. Proposed
3. Watch whether any sustained drop below the $80,500 average weakens this bullish signal and changes how investors position themselves in Bitcoin and the CMC20 index. Analyst inference

Affected assets

• BTC — Bitcoin
• CMC20 — CoinMarketCap 20 Index DTF

Evidence

• x.com