CryptoQuant Bull Market: Confirmed or Not Yet Confirmed?
Coinfomania says CryptoQuant has confirmed a new Bitcoin bull market, while CryptoBriefing says CryptoQuant itself calls the shift not yet fully confirmed.
Coinfomania says CryptoQuant has confirmed a new Bitcoin bull market, while CryptoBriefing says CryptoQuant itself calls the shift not yet fully confirmed.
What all sources agree on
- CryptoQuant’s Bull Score jumped from 30 to 80 in one week.
- $83,000 (Bitcoin’s 365-day moving average) is identified as a key resistance level.
- Bitcoin has been rallying and showing bullish momentum.
Where the reports disagree
1Whether CryptoQuant has officially confirmed the new bull market
CryptoQuant confirms Bitcoin’s transition into a bull market phase. … Bitcoin has officially entered a new bull market, as reported by CryptoQuant.
The shift is not yet fully confirmed. Moreno said Bitcoin still needs to move above its 365 day moving average, currently around $83,000, before CryptoQuant considers the new bull market officially confirmed.
What would settle it: CryptoQuant’s own published statement or Julio Moreno’s original tweet/report defining the criteria for ‘official’ bull market confirmation.
What to make of it
Treat the Bull Score jump from 30 to 80 and the $83K resistance level as agreed figures, but do not treat the bull market as ‘officially confirmed’ by CryptoQuant until the source’s own statement on the 365-day moving average criterion is checked directly.
Treat the Bull Score jump from 30 to 80 and the $83K resistance level as agreed figures, but do not treat the bull market as ‘officially confirmed’ by CryptoQuant until the source’s own statement on the 365-day moving average criterion is checked directly.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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