CryptoQuant Analysts Indicate Bitcoin May Be Entering New Bull Market Phase

Analysts from CryptoQuant have indicated that Bitcoin may have entered the initial phase of a new bull market after experiencing a notable 24% rally since mid-August. Julio Moreno, Head of Research at CryptoQuant, noted that most indicators are signaling a bullish market regime for Bitcoin.

Bitcoin recently reached $80,000, marking its highest price since May 15, and is showing signs of increased demand. Moreno highlighted that the apparent spot demand is growing at its fastest monthly rate since December, with both spot and futures demand expanding simultaneously for the first time since October 2025.

Despite these bullish indicators, Moreno cautioned that Bitcoin's price must surpass its 365-day moving average, currently around $83,000, for the bull market to be officially confirmed. This level has also become a key resistance point in the current price rally.

CryptoQuant's Bull Score has surged from 30 to 80 within a week, with eight out of ten underlying metrics indicating bullish trends. However, the firm also warned of a potential market correction following the rapid price increase, as trader unrealized profit margins have reached their highest levels since June 2025, and whales realized significant profits recently.

In addition, exchange inflows for Bitcoin, Ether, and XRP have increased, which may contribute to near-term selling pressure. Nevertheless, Moreno remains optimistic, stating that valuation, demand, and liquidity indicators are broadly pointing toward a bullish regime.