CryptoQuant: Bitcoin Needs to Break $81,700 to Confirm New Bull Run

According to Huoxing Finance, on September 13, Julio Moreno, Research Director at CryptoQuant, stated that after a 24% surge over two weeks, Bitcoin has temporarily stalled and is currently trading in a range between $76,000 and $82,000. The overall trend remains bullish, but a breakout above the 365-day moving average near $81,700 is required to confirm a new bull market; if it fails to break through, prices may continue to range-bound. On-chain data shows that the current primary supply resistance zone lies between $77,100 and $80,200, where long-term holders sold the most BTC—539,000 in total—within a 30-day period this year. The next resistance levels are at $83,600 and $88,700, with the latter historically associated with active traders taking profits. If Bitcoin reverses downward, the 200-day moving average near $70,000 may provide support; another support zone exists between $62,000 and $65,000, where long-term holders have accumulated approximately 476,000 BTC this year.