On-chain analytics firm CryptoQuant says Bitcoin's trend remains bullish, but confirming a genuine new bull run will require clearing a resistance zone extending up to $88,700.
The bullish story for Bitcoin isn't over yet, but it hasn't fully played out either. In its latest analysis, CryptoQuant lays out a specific threshold: $81,700.
According to CryptoQuant, Bitcoin's overall structure remains bullish—that assessment itself hasn't changed. But for the "new bull market" label to stick, price must first break through the $81,700 level. That's just the starting point though, as there's still a resistance zone extending up to $88,700 that needs to be cleared above it.
In other words, what CryptoQuant is mapping out isn't a single line but an entire zone. $81,700 marks the first test, while $88,700 represents the upper boundary that must be conquered before the signal can be considered truly confirmed. Until this range is fully broken through, the bullish narrative remains a "possibility" rather than a "confirmation."
CryptoQuant did not elaborate further in this analysis on the specific positioning structure or timeline behind this resistance zone. What the market needs to watch next is whether price can climb through these two key levels one step at a time.
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