Bitcoin’s broader bull trend remains intact, but its latest advance is losing momentum, CryptoQuant said. The cryptocurrency analysis platform reported that Bitcoin’s close above its 365-day moving average last week offered significant technical confirmation that a new bull market had begun. CryptoQuant’s Bitcoin Bull Score Index is at 90 out of 100, indicating an extremely strong bullish outlook. Still, after Bitcoin climbed to an eight-month high of $87,400, several on-chain indicators showed that bullish momentum was weakening, raising the prospect of a short-term correction.