CryptoQuant's Bull Score jumped from 30 to 80 in a week as bitcoin rallied 24%, but a close above $83,000 is needed to confirm a new bull market.

Analysts say consolidation could strengthen bitcoin’s rally, while thin trading above $80,000 may set up sharper price moves.

CryptoQuant says Bitcoin has entered an early bull market phase after a 24% rally, with $83,000 remaining the key confirmation level.