Fastest Bitcoin Bull Flip in a Year Has One $83,000 Problem, Analyst Says
Bitcoin (BTC) has flipped into a new bull market regime, according to CryptoQuant, after its Bull Score surged from 30 to 80 in a single week. The firm calls it the fastest reversal in a year.
One hurdle remains before the shift becomes official. Bitcoin must close above its 365-day moving average, which sits near $83,000 today.
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A 24% Rally Rebuilds the Bitcoin Bull Market Case
Bitcoin has climbed 24% since Monday, August 17, touching an intraday peak of $81,272 on Binance. That marks its highest level since May 15, 2026. At press time, BTC traded near $79,224, up 1.9% over 24 hours, according to BeInCrypto market data.
Two macro catalysts drove the move. The US Treasury said it will double long-term bond buybacks to at least $4 billion per operation from September 9. Markets also rallied after Trump's Bitcoin purchase hint suggested Washington may buy BTC directly.
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