Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant
Summary
Bitcoin is testing CryptoQuant’s 20-month simple moving average, around $87,165, which the analytics firm calls an “inflection frontier.” CryptoQuant says past moves back above this level preceded new cycle highs, and argues the market has completed a reset after Bitcoin’s October 2025 peak. The level also aligns with Bitcoin’s 2026 opening price, while exchange order books show nearby sell-side liquidity that could act as resistance. CryptoQuant contributors remain cautiously bullish, citing onchain indicators that have turned more positive; its bull-bear cycle indicator rose to 0.186 from 0.042 in August. These readings are market analysis, not definitive buy or sell signals.
