Bitcoin Just Cleared a Crucial Level – Has the New Bull Market Begun?

Bitcoin has moved above a key long-term technical level that CryptoQuant says has historically marked major shifts in the cryptocurrency’s market cycle. BTC closed above its 365-day moving average, which stood near $80,500, for the first time since March 2023.

At the time, the asset was trading around $86,000 when it closed above the average. The analytics firm said the move confirms the start of a new bull market. The firm cited similar breaks above the average that preceded major advances in 2019 and 2023.

Bitcoin’s Market Signals Turn Positive CryptoQuant also pointed to earlier periods when Bitcoin fell below the same average, including the end of the 2021 market peak and the downturn in November 2025.

Rather than treating the indicator as a short-term trading tool, analysts described the 365-day average as a marker of broader market cycles.