Bitcoin’s recent run may be slowing down — but that doesn’t mean it isn’t in a bull market. 

That’s according to a new report by data analytics firm CryptoQuant, which said signs of profit-taking were appearing. 

Bitcoin’s price recently stood at $82,939, down nearly 4% over a seven-day period, after surging to an eight-month high of $87,251 last week. 

Last week’s surge led CryptoQuant to declare that the coin was in a bull market. The reason: the leading cryptocurrency crossed above its 365-day moving average — the “definitive technical signal” that has marked the start of Bitcoin’s bull markets in past cycles, according to the firm. 

But…

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