Bitcoin: CryptoQuant Sets $83,000 as the Bull Market Threshold

After a 24% increase, bitcoin shows several signs of improvement. CryptoQuant estimates that this rise has shifted on-chain and demand indicators into a bullish zone. Its Bull Score has increased in one week while spot demand accelerates. However, the analysis does not yet consider the cycle change confirmed. A technical level must be crossed to validate this new market phase.

Bitcoin shows bullish signals again

CryptoQuant’s Bull Score has risen from 30 to 80 in one week. The index reaches its highest level since October 2025. Eight of the ten indicators show a bullish signal. This development follows the increase.

Bitcoin exceeded 80,000 dollars during this rise. However, CryptoQuant awaits a weekly close above its 365-day moving average. It is around 83,000 dollars. This crossing must confirm the transition to a new bullish market.

Demand provides a favorable signal. Spot demand accelerates, while spot and futures markets progress together. CryptoQuant indicates in its report that this dynamic had not been observed since October 2025. Signals converge, but confirmation is still awaited.

The $83,000 threshold becomes central

The $83,000 level is CryptoQuant’s threshold. A close above this moving average would strengthen the hypothesis of a trend change for bitcoin. This condition distinguishes a recovery from a confirmation.

Joel Kruger, market strategist at LMAX Group, is also watching another important level. He places this threshold at $82,820, the peak of May 2026. He stated to Cointelegraph that:

A clear crossing of this level would confirm the idea that a significant cycle low has now been reached and would shift attention to the next major move beyond $100,000 and, ultimately, toward the 2025 record.

Joel Kruger, market strategist at LMAX Group. Source: Cointelegraph.

At the time of writing, the bitcoin price is around $78,722. The price thus remains below the two watched levels. The market remains in transition between improvement and technical validation. Upcoming closes will measure the movement.

Profit taking calls for caution

CryptoQuant highlights several short-term risks. Traders’ unrealized profit margins have reached 20.5%, their highest level since June 2025. The company recalls that a 19% value preceded a 30% drop. The price was then around $82,000.

Major investors realized about $1.2 billion in profits between August 20 and 22. On August 20, they recorded a record profit of $614 million. The bitcoin price was between $78,000 and $79,000. These profit takings show that some holders are benefiting from the rise.

Inflow on exchanges remains to be watched. They reached about 53,000 BTC, their highest level since June. This increase indicates that more coins are joining trading platforms where they can be sold. Bitcoin retains bullish signals, but high deposits call for caution.

The next step for BTC will depend on the sustainable crossing of levels tracked by CryptoQuant and Joel Kruger. A close above $83,000 would reinforce the bullish interpretation. Conversely, profit-taking could maintain pressure. The market is therefore awaiting technical confirmation.