CryptoQuant says bitcoin must clear resistance at $81,700 to confirm new bull market

CryptoQuant says bitcoin must clear resistance at $81,700 to confirm a new bull market, per The Block. Bitcoin's broader outlook remains bullish, but the cryptocurrency faces a significant range of resistance levels stretching to $88,700 before bulls can claim a sustained recovery.

The analysis, shared by the on-chain analytics firm, identifies key technical thresholds that will determine whether bitcoin's recent gains can sustain momentum or face renewed selling pressure. The $81,700 level represents the primary resistance mark that traders and analysts are watching closely as a signal of whether the market can move into confirmed bull territory. Above that, additional overhead resistance extends to $88,700, suggesting a battle zone rather than a clear path higher.

CryptoQuant's technical framework positions the asset at an inflection point where conviction either builds or breaks. The firm's on-chain metrics and analysis have become a barometer for institutional and retail trader positioning in the bitcoin market. Traders use resistance levels like these to set profit targets and re-evaluate positions, making CryptoQuant's call a reference point for positioning decisions across the market.

The resistance call reflects broader market sentiment that bitcoin has room to run but faces technical headwinds that need to be overcome. Breaking above key resistance levels historically signals to the market that new buying is entering and older sellers have been cleared out, a dynamic that typically precedes larger moves.