Bitcoin enters ‘initial phase’ of new bull market, but $83K remains key: CryptoQuant
CryptoQuant says Bitcoin’s 24% rally has flipped key market indicators bullish, though rising profit-taking could bring near-term turbulence.
Last updated: 2026-08-25 21:02:24 ET
Pulse AI Brief
Updated Aug 25, 2026 9:00 PM ET
Bitcoin briefly surged past $80,000 in early Tuesday trading, extending a 24% rally that has flipped key market indicators bullish according to CryptoQuant. The move signals the cryptocurrency has entered the initial phase of a new bull market, though analysts warn that rising profit-taking could test the $83,000 resistance level.
A sustained crypto rally typically lifts blockchain-related equities, mining stocks, and payment processors. Institutional adoption signals and macro liquidity conditions are now favoring risk assets, which could benefit high-beta tech and growth sectors alongside digital assets.
Bitcoin's move above $80K reflects renewed appetite for alternative assets amid uncertainty around traditional monetary policy. The rally suggests investors are rotating into inflation hedges and speculative positions as macro volatility persists.
CryptoQuant says Bitcoin’s 24% rally has flipped key market indicators bullish, though rising profit-taking could bring near-term turbulence.
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