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CryptoQuant’s Bitcoin Bull Score Hits ‘Most Bullish Level Since October’ as Analysts Spot Breakout

Published 27 August 2026
Kurt Robson
Authors
Edited by Ryan James

Key Takeaways

  • CryptoQuant’s Bitcoin Bull Score jumped from 30 to 80 in one week, with eight of its 10 underlying indicators turning bullish.
  • Katie Stockton believes Bitcoin has begun a base breakout after clearing its 200-day moving average.
  • CryptoQuant still wants Bitcoin to close above its 365-day moving average near $83,000 before confirming a new bull market.

Bitcoin’s 24% rebound may have pushed the crypto into the opening stage of a new bull market, according to CryptoQuant, after one of its primary market gauges more than doubled in a week.

Elsewhere, Fairlead Strategies founder Katie Stockton and other analysts have also identified evidence of a bullish shift, leaving holders hopeful that another Bitcoin bull run could be on the horizon.

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Bitcoin Bull Score More Than Doubles

The crypto climbed from around $64,000 on Aug. 17 to briefly touch $80,000, its highest level in more than three months.

Bitcoin was trading near $79,000 on Aug. 27, holding most of its gains despite signs that large holders have started taking profits.

CryptoQuant’s Bitcoin Bull Score surged from 30 to 80 during the rally, marking its strongest reading since Oct. 6, 2025.

The composite gauge tracks 10 on-chain and valuation indicators to assess whether Bitcoin is operating under bullish or bearish conditions.

Eight of those 10 metrics are now flashing bullish, according to the firm’s Aug. 25 report.

“This is a genuine regime shift, the initial phase of a new bull market,” CryptoQuant said.

The comparison with October is particularly notable because Bitcoin was trading near the top of its bull run cycle at the time.

A CoinMarketCap historical snapshot placed Bitcoin at approximately $123,513 on Oct. 5, after the crypto had climbed above $125,000 intraday.

CryptoQuant said apparent spot demand is now expanding at its fastest monthly pace since late December.

Spot and perpetual futures demand have also turned positive together for the first time since early October 2025, suggesting that genuine buying and leveraged activity are supporting the rally simultaneously.

Despite that improvement, CryptoQuant stopped short of declaring the transition complete.

Bitcoin’s 365-day moving average currently stands near $83,000, around 5% above the cryptocurrency’s recent closing price.

“A decisive break above $83K would confirm the new bull market,” the firm said.

Until that happens, CryptoQuant believes the level could act as initial resistance and potentially trigger an early bull-market correction.

Katie Stockton Says Bitcoin Is Not Overbought Yet

Fairlead Strategies founder Katie Stockton has also identified what she believes is an emerging bullish breakout.

Stockton had turned bullish when Bitcoin was trading near $64,000 on Aug. 17, shortly before the crypto surged by more than 25%.

During an Aug. 25 appearance on CNBC’s The Exchange, the analyst clarified that Bitcoin was no longer oversold after the rally.

Crucially, however, she argued that the move had not yet pushed the crypto into an overbought position.

“It’s not overbought yet,” Stockton said.

Stockton said Bitcoin’s short-term momentum was “very strong,” while its intermediate-term momentum had also improved significantly from the recent lows.

Although market bases can take months to develop and frequently involve several retests, she believes Bitcoin’s basing process may have started in June.

Under that interpretation, July’s decline represented the required retest before the latest move higher.

“We have what looks to be a base breakout underway,” Stockton said.

According to Stockton, the rally is expected to prove more durable than gold’s latest recovery.

Altcoin Daily Claims the Bottom Is In

Altcoin Daily has offered an even clearer interpretation that Bitcoin’s bull run could be arriving.

In an Aug. 21 YouTube video, the crypto channel argued that Bitcoin’s move above its 200-day moving average provided evidence that the market had already established a bottom.

“The last two cycles bull runs began,” the channel said of Bitcoin’s previous 200-day-average reclaims.

However, historical repetitions are not guaranteed, and the channel acknowledged that demand remains relatively modest.

Altcoin Daily highlighted that spot and perpetual futures demand had both turned positive for the first time since Bitcoin’s October 2025 peak.

It said another month of sustained demand would make it more reasonable to conclude that the bear market was over and a new bull cycle had begun.

The channel also described the recent move as the largest BTC short squeeze on record, with a wave of liquidations forcing bearish traders to close their positions as prices accelerated higher.

Beyond the squeeze, Altcoin Daily identified the large quantity of BTC acquired between approximately $62,000 and $65,000 as potential evidence of a developing market floor.

“$62K to $65K now sets a firm cost-basis support,” it said.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson

Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.

He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.

Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.

At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.

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