Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant
Bitcoin’s market cycle signals tool showed BTC price action copying history, possibly preparing to reclaim a key moving average before testing new highs.
CryptoQuant reveals that Bitcoin is on the verge of reclaiming a key 20-month trend line before attempting new record highs. The market cycle signals tool suggests BTC price is copying history and may challenge a previously broken support zone. Data shows Bitcoin is currently trading near the lower band of Bollinger Bands, which range from $52,694 to $121,640.
With Bitcoin attempting to break through the $87,165 20-month simple moving average, it could be preparing to retest a significant trend line. The $87,165 level is particularly important as it aligns with Bitcoin's 2026 opening level and adds to its resistance strength. Despite macroeconomic headwinds, CryptoQuant remains optimistic about Bitcoin's emerging bull market.
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