Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant
This story deserves to be shared
Send it to someone who'd care, or post it on your networks.
Bitcoin is attempting to break through an “inflection frontier” that has historically triggered runs to new macro 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 reappearsData 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. This in turn forms the basis for CryptoQuant’s market cycle signals tool, which seeks to pinpoint Bitcoin’s position within its market cycle. Bollinger Bands uses standard deviation to add an upper and lower band around the 20-month SMA. Currently, these sit at $121,640 and $52,694, respectively.
This article is an excerpt. To read the full content, visit the original source. Cointelegraph
Related articles
Why are stocks at record highs with no Iran resolution? - J.P. Morgan Private Bank
Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears
The service will initially support bitcoin, ether and the stablecoins USDC, EURC and EURAU, with the bank managing clients’ wallets and private keys.
Qubic freezes chain after attacker drains 1.4K wallets with weak seeds
Layer-1 blockchain network Qubic halted operations Sunday after an attacker reportedly exploited weakly generated wallet seeds to drain approximately $1.4 million from more than 1,400 accounts, according to the project. In a statement on X, Qubic said the network was halted at tick 85,371,949, where it remains paused at the time of writing. Qubic said the vulnerability affected wallet seeds generated using any browser on an iPhone or iPad, Safari on a Mac until Oct. 18, 2026, or the Qubic iOS app before July 2025, leading to 2.94 trillion Qubit (QU) stolen. “87.1% of the drained funds never left the Qubic network and remain frozen in place,” said Qubic. “The remaining 12.9% was sent to MEXC, whose team froze the receiving account within about an hour.” The Qubic theft is the latest in a series of attacks tied to weak wallet seeds. In July, Coldcard disclosed that attackers had stolen funds from wallets whose seeds were weakened by a firmware bug. Similar flaws affected Trust Wallet’s browser extension and the Libbitcoin Explorer tool in 2023.
0 comments
No comments yet. Be the first to share your thoughts!