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Bitcoin Bulls Need One More Signal To Confirm Market Bottom – Details
TL;DR
Bitcoin's market bottom confirmation hinges on reclaiming and holding above $88,880, according to analysts. Current resistance comes from holders who bought in during the past year and remain underwater.
Key points
- Bitcoin needs to reclaim $88,880 to confirm market bottom
- Resistance comes from holders underwater from past year
- Price must close above $88,880 to be credible
The heaviest resistance sitting above Bitcoin’s current price isn’t a round number or a chart pattern — it’s the break-even point of millions of holders who bought in during the past year and are still underwater.
One Level Controls The Narrative
A CryptoQuant market expert says the “bottom is in” crowd is getting ahead of the data. According to the analyst, Bitcoin must reclaim $88,880 and hold it before any bottom call can be treated as credible.
Simply touching that level won’t cut it. The price needs to close above it and stay there — otherwise, the rally is just noise.
The reasoning centers on realized price bands, a metric that tracks the average cost basis of different groups of holders. Three cohorts are currently sitting above Bitcoin’s spot price, meaning they bought in at higher levels and are waiting to get back to even.
“The bottom is in.” Everyone’s saying it
“For the bottom to be confirmed, price needs to clear 88.88K and hold – not wick through, not retest and fail. That puts the most recent cohort back in profit and removes the first layer of sell pressure.” – By @IT_Tech_PL pic.twitter.com/woRJLa6UTs
— CryptoQuant.com (@cryptoquant_com) May 7, 2026
The first group — holders from three to six months ago — has a realized price of $88,880. Those who held for 12 to 18 months are sitting at $93,400.
The largest and most worrying group, holders from six to 12 months ago, has a cost basis of $111,800 — close to 30% above where Bitcoin was trading when the analysis was published.
When Bitcoin climbs back toward those levels, many of those holders are expected to sell. They’re not looking for profit. They just want out.
Why The $60,000 Low Sparked Bottom Calls
Q&A
What price level must Bitcoin reach to confirm a market bottom?
Bitcoin must reclaim and hold above $88,880 to confirm a market bottom.
Why is the $88,880 level significant for Bitcoin holders?
The $88,880 level is significant because it represents the break-even point for many holders who bought Bitcoin at higher prices.
What do realized price bands indicate about Bitcoin's current market?
Realized price bands indicate that three cohorts of Bitcoin holders are currently above the spot price, meaning they are waiting to recover their investments.
