[CryptoQuant: Bitcoin Needs to Break $81,700 to Confirm a New Bull Market] BlockBeats News, September 13, CryptoQuant's Head of Research Julio Moreno stated that after a 24% rise in Bitcoin over two weeks, it has temporarily stalled and is currently fluctuating in the $76,000 to $82,000 range. The overall trend remains bullish, but Bitcoin needs to break the 365-day moving average near $81,700 to confirm a new bull market. If it fails to break through, the price may continue to consolidate within the range. On-chain data shows that $77,100 to $80,200 is the nearest and most significant supply resistance zone, where long-term holders sold up to 539,000 BTC within 30 days earlier this year. Subsequent resistance levels are at $83,600 and $88,700, with the latter historically being a zone where active traders tend to take profits. If Bitcoin turns downward, the 200-day moving average near $70,000 may provide support, with another support zone located between $62,000 and $65,000, where long-term holders have accumulated approximately 476,000 BTC this year. [Original Link]