Bitcoin May Face One More Shakeout Before True Bottom

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Until Bitcoin (BTC) clears the $88,000 and holds it firmly, the bottom is not confirmed, an analyst argues.

According to the latest analysis by CryptoQuant, while many are presuming that the bottom is in, “we’re not there yet.” “Bottom calls are narratives. 88.88K reclaimed and held is data,” analyst IT Tech writes.

There are currently three “cohorts of underwater holders,” which act as resistance, the analyst argues. The first line of overhead supply is 3m-6m realized price of 88,880.

The second significant level stands at $93,450 for those holders who bought between 12 and 18 months ago.

Finally, there’s the third cohort and the strongest resistance, at $111,850, some 29% above the current spot price. This is connected to the holders who bought the coin between six months and a year ago.

Per the analyst:

“Every one of these levels is a break-even exit point for a different wave of trapped buyers.”

Therefore, for the bottom to be confirmed, the price needs to both clear and hold the 88,880 level, not just touch it and retreat. This move would return the latest cohort in profit. At the same time, it would remove “the first layer of sell pressure.”

“Until then, every rally into 85K-88K is walking straight into distribution from Nov 2025-Feb 2026, buyers desperate to get out flat,” the analyst concludes.

Drifting in the $80K Zone

BTC is trading at $80,207 on Friday morning (11:30 UTC). Over the past 24 hours, the price has moved between the intraday low of $79,286 and the intraday high of $81,158.

It’s still green in the 7-day timeframe, however. It rose by 4%, moving between the low of $77,240 and the high of $82,496. Notably, this is also the highest point seen since January 2026.

Meanwhile, BTC hit its all-time high of $126,080 in October 2025, falling 36.3% since then.

The coin has largely been moving sideways for the past several weeks, though it is sensitive to larger macro and geopolitical influences. It’s mostly gotten used to the smaller hits. Over the past few days, though, it’s reacting to crypto-specific catalysts, particularly consistent positive ETF flows.

The post Bitcoin May Face One More Shakeout Before True Bottom appeared first on TechGaged.com.