Bitcoin’s run this weekend would have observers believing that the bull market is back. But the data also backs it up. 

A new report from data firm CryptoQuant shows that the leading cryptocurrency crossed above its 365-day moving average — a signal that the asset has finished being in a bear market. 

Bitcoin’s price surged in August and had its best run in years, spurred by an announcement from the U.S. Treasury saying it would at least double the size of its liquidity-support buyback operations. Its run cooled but then last week shot up again and was recently trading for $86,598 after trading as high as nearly $87,330 on Monday. 

“This crossover is the…

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