According to CryptoQuant, Bitcoin must secure a position above $81,700 to confirm a new bullish market.

Read the full report ⤵️https://t.co/Nrp27VZ4Ap

— CryptoQuant.com (@cryptoquant_com) September 11, 2026
 

Over the past two weeks, Bitcoin has risen by 24%, but its growth has stalled, fluctuating between $76,000 and $82,000. At the time of writing, the cryptocurrency is trading at approximately $77,100.

Facing Strong Resistance Ahead

Julio Moreno, head of research at CryptoQuant, identified the nearest and most significant on-chain resistance zone as the range of $77,100 to $80,200. He noted that in 2026, long-term holders have sold an average of up to 539,000 BTC within this price corridor over a 30-day period.

The next critical level is the 365-day moving average, which is situated around $81,700. Moreno pointed out that previous bullish cycles officially began when prices closed above this threshold. If Bitcoin cannot maintain its position above this level, it may continue to trade within the current range.

Additionally, the analyst highlighted resistance at $83,600 based on the 3x Metcalfe band indicator, which assesses network activity. Another potential selling level is around $88,700, aligning with the upper boundary of the realized price model for traders, a historical profit-taking zone for active participants.

If the market declines, CryptoQuant anticipates support near the $70,000 mark, where the 200-day moving average lies. Another demand zone is indicated in the $62,000 to $65,000 range, where it is estimated that long-term holders acquired approximately 476,000 BTC in 2026.

Seeking New Demand

CryptoQuant maintains a bullish outlook for Bitcoin overall. For a new upward momentum, the market needs to absorb the existing supply and overcome crucial resistance levels.

Analyst Darkfost noted that CryptoQuant's Bull Score Index has dropped from 80 to 60 in recent days.

The CryptoQuant Bull Score Index just dropped from a score of 80 to 60 within a few days.

The regime has deteriorated slightly but remains in a bull regime as long as the score stays >60.

BTC needs the overall situation to improve further, particularly on the demand side. pic.twitter.com/DGbJ0kvRDW

— Darkfost (@Darkfost_Coc) September 12, 2026
 

"The regime has slightly worsened but remains bullish as long as the score stays above 60 points. BTC needs overall improvement, especially on the demand front," the expert stated.

According to Plan B, the model creator for Bitcoin, the asset is currently "squeezed between two giant walls" formed by purchases:

  • long-term holders (LTH) in the range of $84,000 to $87,000;
  • short-term investors (STH) around $62,000 to $65,000.

$77k bitcoin is squeezed between two giant walls:

🟠 1M BTC sitting at $62–65k
🔵 1M BTC sitting at $84–87k

Which way does it break $65k or $84k?

Live interactive version of this chart 100% free (full history, daily updates, alerts, CSV/XLS/JSON data):https://t.co/2WM9TfT8Mm pic.twitter.com/PT52myeGZb

— PlanB (@100trillionUSD) September 12, 2026
 

Additionally, Glassnode has pointed out the formation of a significant resistance zone held by LTH coins, which they have identified as the range of $83,000 to $86,000.