[Analysis] Bitcoin Medium-Term Structure Improves, but Reclaiming $80,000-$81,000 Is Key to Confirming Bullish Trend

Forecast Trend Report by Period

Bitcoin is technically building a stronger medium-term uptrend, but a move back above $80,000 to $81,000 and a recovery in spot buying will be the key conditions for confirming further gains, according to an analysis.

On Sept. 8, CryptoQuant contributor XWIN Research Japan wrote that Bitcoin’s medium-term structure remains positive, but the market has not yet fully entered a rally driven by spot demand.

U.S. spot Bitcoin exchange-traded funds have recorded net inflows for three straight weeks, signaling continued institutional buying. By contrast, Bitcoin’s Apparent Demand remains negative, suggesting it is still too early to conclude that broader spot demand has begun a full recovery.