According to CryptoQuant, Bitcoin needs more than just a quick test—it has to actually hold above the $81,700 mark to confirm a new bull market. Over the past two weeks, BTC has surged 24%, but that rally has stalled out. The price has been chopping between $76,000 and $82,000, and as of now, the top crypto is trading around $77,100.

Major On-Chain Resistance Zone

Julio Moreno, CryptoQuant’s Head of Research, says the next big on-chain resistance is right in the $77,100–$80,200 range. If Bitcoin can break through and stay above $81,700, analysts believe that would be the key signal that the bulls are back in charge.

Price Action Context

After that fast 24% run-up, Bitcoin has shifted into a sideways chop between $76,000 and $82,000. With BTC now hovering near $77,100, it’s right at the lower end of the resistance zone CryptoQuant flagged. How the price reacts here could set the tone for the short-term trend.