Bitcoin Bull Score Hits 80, Weekly Close Above $83K Needed for Confirmation

Headline: Bitcoin’s Bull Score Surges to 80 — But a Weekly Close Above ~$83K Is the Real Test Bitcoin’s market pulse is getting louder: CryptoQuant’s Bull Score jumped from 30 to 80 in a single week after a roughly 24% rally, signaling an early-stage bull market — but analysts say a decisive weekly close above the 365-day moving average near $83,000 is required to confirm it. What moved the needle - CryptoQuant’s model, which blends measures of spot and futures demand, investor profitability, network activity and liquidity, now shows eight of its 10 indicators in bullish territory — the highest Bull Score since October 2025. - The analytics firm emphasized the speed of the rise suggests broad-based improvement across market segments rather than a price spike driven by a single factor. Price action and the structure test - Bitcoin climbed from under $64,000 to briefly above $80,000 during the run; CoinGecko placed BTC near $79,000 at the time of reporting. - Despite the intraday break above $80K, CryptoQuant says that won’t confirm a new bull cycle until BTC posts a weekly close above the 365-day moving average (around $83K). - LMAX Group strategist Joel Kruger highlighted the same resistance region, pointing to the May 2026 high of $82,820 as the next meaningful barrier. “A clear break above that level would reinforce the view that a meaningful cycle low is now in place and shift attention towards the next major move through $100,000 and, ultimately, the 2025 record high,” he said. Near-term technical map - Analysts have flagged $77,000–$80,000 as an immediate holding area after Bitcoin’s strongest weekly advance since March 2023. A failure of that range could put $70,000 back into focus; a sustained breakout could open the path toward $80K–$90K. - CryptoQuant stresses that a brief intraday push through the $82.8K–$83K band is not enough — BTC must remain above the 365-day MA into the weekly close to validate the bull-market signal. Flows behind the move - Spot and futures demand strengthened simultaneously for the first time since early October 2025, a constructive sign because spot buys represent cash demand while futures can include transient, leveraged flows. - U.S. spot Bitcoin ETFs were a clear source of cash-market demand: the funds recorded about $1.9 billion in net inflows in the week ending Aug. 21 — their strongest weekly intake since October 2025 and the fifth consecutive positive week. - Daily ETF receipts noted in earlier reports: roughly $517 million on Aug. 19 and $606 million on Aug. 20. SoSoValue added that ETFs drew $337.56 million on Aug. 24, led by BlackRock’s iShares Bitcoin Trust ($208.9M) and Fidelity’s Wise Origin ($104.6M). Warning signs: short-term heat and profit-taking - Even as long-term indicators improved, several short-term metrics flagged possible overheating. Traders’ unrealized profit margin rose to 20.5%, the highest since June 2025 — a level CryptoQuant compared to early May when BTC traded near $82K and later gave back roughly 30%. - Short-term holder whales realized about $1.2 billion in profits between Aug. 20–22, with a single-day peak of $614 million on Aug. 20. Exchange inflows also climbed, with roughly 53,000 BTC moved to exchanges — the largest deposit total since June. While deposits don't guarantee selling, they increase the potential sell-side supply. Bottom line: early-stage recovery, not yet confirmed CryptoQuant views the current advance as an early-stage recovery. For a confirmation of a durable bull cycle, the market needs a weekly close above the 365-day moving average near $83,000 — or a clean break above the May 2026 high around $82,820, which would bolster confidence toward higher targets like $100K. Until that weekly close materializes, traders will be watching support in the $77K–$80K band, ETF flows, and whether realized profits and exchange deposits create fresh selling pressure.