Bitcoin’s 20-Month Moving Average Stands Between Bulls And All-Time Highs
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Written by:
- William Suberg, staff writer
- Yohan Yun, staff editor
Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant
Markets
Published: Oct 16, 2026
Bitcoin’s market cycle signals tool showed BTC price action copying history, possibly preparing to reclaim a key moving average before testing new highs.
Key points:
- Bitcoin (BTC) may continue to new all-time highs if it successfully breaks through its 20-month moving average at $87,165, CryptoQuant reported.
- The market cycle signals metric showed BTC/USD poised to reclaim this “inflection frontier,” which it lost in December 2025.
- CryptoQuant’s bull-bear market cycle indicator continued to show Bitcoin as being in a bull market.
Analysis: Bitcoin “reset” complete as key trend line reappears
Data from onchain analytics platform CryptoQuant reveals that BTC/USD has begun a fresh battle with its 20-month simple moving average (SMA).
- The 20-month SMA, at $87,165 as of Oct. 16, is the trend line around which the popular Bollinger Bands metric is constructed.
- Bitcoin now preparing to challenge the capitulation zone from below, history shows that successful breakouts have led to new cycle highs.
“Just over a year after the all-time high (ATH) of $124,709 on October 6, 2025, the market has concluded its ‘reset,’” said GugaOnChain in a blog post.
While Bollinger Bands are not intended to offer buy and sell signals, market cycle signals sees “smart money” taking profit once BTC/USD reaches its upper band.
Bitcoin market cycle signals chart. Source: CryptoQuant