CryptoQuant Flags New Bitcoin Bull Cycle After 365-Day Moving Average Breakout
- —BTC closed above its 365-day moving average for the first time since March 2023
- —The breakout came in the $76,000–$81,000 zone of heavy long-term holder selling
- —CryptoQuant reads the move as the opening signal of a new bull market
Why it matters: Breaks above the long-term moving average have historically marked the start of bull phases, potentially boosting BTC demand.
Source: Coinotag