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Bitcoin Bull Score Hits 80 as BTC Reclaims Key USD 83K Trend Line

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Bitcoin Bull Score Hits 80 as BTC Reclaims Key USD 83K Trend Line

Bitcoin climbed above USD 80,000 in September with stronger market indicators than during its May move through the same level. CryptoQuant Head of Research Julio Moreno said the firm’s Bull Score Index has reached 80, signaling ‘Extra Bullish’ conditions. The index stood at 50 and showed a ‘Neutral’ reading when Bitcoin traded near the same price in May.

Bitcoin has gained 14% over the past week and reached a seven-month high near USD 87,000. Broader crypto sentiment improved as the US Securities and Exchange Commission advanced efforts to develop a regulatory framework for cryptocurrencies.

Strategy Inc. also returned to the market with another Bitcoin purchase after a buying pause that lasted nearly a month. Meanwhile, US spot Bitcoin exchange-traded funds recorded USD 998.95 million in Monday inflows, their strongest daily total in 11 months.

Moreno contrasted Bitcoin’s latest move with market conditions seen in May. Although the cryptocurrency crossed the same broad price area during both periods, CryptoQuant’s internal readings now show stronger fundamentals.

The Bull Score Index combines several market and on-chain signals into a broader assessment of Bitcoin conditions. Its rise from 50 to 80 marks a clear shift between the two periods identified by Moreno.

Bitcoin’s latest advance also pushed the price above major long-term technical levels. CryptoQuant founder Ki Young Ju said Bitcoin reclaimed its 365-day moving average near USD 83,000 and moved above USD 84,000.

Market participants often watch that long-term average when assessing broader cycle conditions. Ju described the level as an important dividing line between bearish and bullish market phases.


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