Bitcoin enters ‘initial phase’ of new bull market, but $83K remains key: CryptoQuant

Crypto Insight Summary: CryptoQuant says Bitcoin’s 24% rally has flipped key market indicators bullish, though rising profit-taking could bring near-term turbulence. Crypto Insight Analysis: Direction: Bullish BTC Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Bullish indicators and 24% rally signal strong momentum, but profit-taking may cause short-term volatility.