CryptoQuant says bitcoin has entered bull market but needs to cross $83,000 for ‘official’ confirmation

CryptoQuant says Bitcoin has entered a bull market based on its on‑chain metrics but requires a sustained move above $83,000 to register an “official” cycle confirmation. That $83k threshold comes from CryptoQuant’s cycle and risk models and is meant to distinguish an early rally from a confirmed uptrend. Until that level is cleared and held, the recent gains remain vulnerable to pullbacks and false starts. Clearing and sustaining above $83,000 would signal broader bullish momentum and raise the probability of extended price appreciation.