Bitcoin is currently testing its 20-month simple moving average, which stands at $87 165 as of October 16, 2026. Analysts at CryptoQuant identify this level as an inflection frontier, a critical point that historically precedes significant price movements toward new macro highs.
The 20-month SMA serves as the baseline for Bollinger Bands, with current upper and lower bands positioned at $121 640 and $52 694. The zone between the lower band and the SMA is classified as an accumulation base, while the SMA itself acts as a resistance level.
The 20-month SMA aligns with the 2026 opening price of $87 490. According to CryptoQuant, the market has completed its reset following the all-time high of $124 709 recorded on October 6, 2025. The asset recently reached a peak of $126 200 in October 2025.
The bull-bear market cycle indicator shows accelerating momentum with a current reading of 0.186, compared to 0.042 in August. CEO Ki Young Ju stated in late August that the bear market has concluded, supported by composite data from various on-chain profitability metrics.
