Bitcoin has once again reached a point that warrants close observation. According to a report by William Suberg published on Cointelegraph on October 16, 2026, CryptoQuant believes the BTC price is retesting the 20-month simple moving average, which was then around $87,165. The report describes it as an “inflection-point frontier” that could influence the market’s medium- to long-term direction, and notes that the indicator was breached in December 2025.
My view is that this moving average is better used as a framework for observing trends than as a direct buy or sell signal. If the price can hold firmly above it and subsequent retests continue to find support, the market structure may improve further. If the price only briefly breaks above it before falling back below, that would indicate resistance remains in place and the risk of chasing a rally would increase. CryptoQuant’s market-cycle indicators are showing bullish signals, but on-chain metrics cannot replace consideration of macro liquidity, interest-rate expectations, and money management.
For ordinary traders, what is really worth watching is the sequence of “breakout—hold—retest confirmation,” rather than rushing to conclusions after seeing a single number. Position sizing, stop-losses, and the ability to withstand volatility are often more important than predicting the top. Source: William Suberg, “Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant,” October 16, 2026, https://cointelegraph.com/markets/bitcoin-seeks-20-month-trend-line-reclaim-before-new-record-highs-cryptoquant
Disclaimer: This article reflects only the author’s personal observations and opinions and is intended solely for information sharing and market discussion. It does not constitute investment, trading, financial, legal, or tax advice. The data, opinions, and information cited in this article come from public reports and may be subject to changes over time, errors, or omissions; they do not represent the views of the author or platform. Crypto asset prices are highly volatile and may result in the loss of some or all of your principal. Please make your own independent assessment and exercise caution after fully understanding the relevant risks and considering your personal circumstances. The author accepts no responsibility for any direct or indirect losses arising from reading, using, or relying on the contents of this article.
#BTC #比特币 #市场观察 #风险管理 #币安广场 BTC
Reference: William Suberg, 2026-10-16T09:22:13.073000+00:00 (link: https://cointelegraph.com/markets/bitcoin-seeks-20-month-trend-line-reclaim-before-new-record-highs-cryptoquant).
The above is for reference only and does not constitute investment advice. Markets involve risks; invest with caution.
My view is that this moving average is better used as a framework for observing trends than as a direct buy or sell signal. If the price can hold firmly above it and subsequent retests continue to find support, the market structure may improve further. If the price only briefly breaks above it before falling back below, that would indicate resistance remains in place and the risk of chasing a rally would increase. CryptoQuant’s market-cycle indicators are showing bullish signals, but on-chain metrics cannot replace consideration of macro liquidity, interest-rate expectations, and money management.
For ordinary traders, what is really worth watching is the sequence of “breakout—hold—retest confirmation,” rather than rushing to conclusions after seeing a single number. Position sizing, stop-losses, and the ability to withstand volatility are often more important than predicting the top. Source: William Suberg, “Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant,” October 16, 2026, https://cointelegraph.com/markets/bitcoin-seeks-20-month-trend-line-reclaim-before-new-record-highs-cryptoquant
Disclaimer: This article reflects only the author’s personal observations and opinions and is intended solely for information sharing and market discussion. It does not constitute investment, trading, financial, legal, or tax advice. The data, opinions, and information cited in this article come from public reports and may be subject to changes over time, errors, or omissions; they do not represent the views of the author or platform. Crypto asset prices are highly volatile and may result in the loss of some or all of your principal. Please make your own independent assessment and exercise caution after fully understanding the relevant risks and considering your personal circumstances. The author accepts no responsibility for any direct or indirect losses arising from reading, using, or relying on the contents of this article.
#BTC #比特币 #市场观察 #风险管理 #币安广场 BTC
Reference: William Suberg, 2026-10-16T09:22:13.073000+00:00 (link: https://cointelegraph.com/markets/bitcoin-seeks-20-month-trend-line-reclaim-before-new-record-highs-cryptoquant).
The above is for reference only and does not constitute investment advice. Markets involve risks; invest with caution.