Bitcoin Enters New Bull Regime But Requires $83,000 Daily Close for Confirmation

Bitcoin is pushing past $80,000 after a rapid 14.3% weekly gain, signaling what CryptoQuant calls an official shift into a new bull market regime. The firm's Bull Score surged from 30 to 80 in just seven days, marking its most aggressive bullish reading since late 2025. Spot demand is expanding at its fastest monthly pace in half a year, but analysts insist one final hurdle remains.

The entire structural recovery hangs on a daily close above the 365-day moving average near $83,000. Glassnode data reinforces this zone, mapping a dense wall of overhead supply and negative dealer gamma stretching between $81,000 and $86,000. Clearing $83,300 with sustained spot demand is the mandatory trigger to validate the breakout.

Meanwhile, heavy profit-taking is testing market absorption capacity. Long-term holders have flipped to net distribution, selling roughly 21,000 BTC per month, while short-term traders locked in nearly $1 billion in net profits over the past week alone. If buyers fail to break the overhead wall, immediate downside support sits at the $70,000 short-term holder cost basis, followed by a deeper floor near $62,000.