The heaviest resistance sitting above Bitcoin&#8217;s current price isn&#8217;t a round 
number or a chart pattern — it&#8217;s the break-even point of millions of holders 
who bought in during the past year and are still underwater. Related Reading: 
Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days One 
Level Controls The Narrative A CryptoQuant market expert says the &#8220;bottom is 
in&#8221; 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&#8217;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&#8217;s spot 
price, meaning they bought in at higher levels and are waiting to get back to 
even. &#8220;The bottom is in.&#8221; Everyone&#8217;s saying it “For the bottom to be 
confirmed, price needs to clear 88.88K and hold &#8211; 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&#8217;re not looking for profit. They just want out. Why The $60,000 Low 
Sparked Bottom Calls Earlier this year, Bitcoin fell to around $60,000 in 
February — a drop of roughly 52% from its all-time high of $126,200. Since 
then, the price has climbed more than 37% without setting a new low. That 
recovery is what fueled the bottom narrative. With no fresh lows on the chart, 
many market watchers concluded the worst was behind Bitcoin. The Fear and 
Greed Index backed up the improving mood. Reports show the index climbed from 
a near-maximum fear reading of five in February all the way to 47 — a neutral 
reading that signals the market has stabilized compared to its earlier panic 
state. Related Reading: XRP Market Now Controlled By Whales? Dominance Reaches 
91% On Binance Data Over Sentiment IT Tech&#8217;s sharpest point came at the end of 
the analysis. Bottom calls, the analyst wrote, are narratives. Reclaiming and 
holding $88,880 is data. At the time of the analysis, Bitcoin was trading near 
$80,250. That puts the key confirmation level roughly $8,000 away. Until that 
gap closes — and holds — the analyst says the market structure still favors 
caution over confidence. Featured image from DALL-E, chart from TradingView

Bitcoin Bulls Need One More Signal To Confirm Market Bottom – Details

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Bitwise ranks banks with broadest crypto exposure, including BNY Mellon and JPMorgan

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Nvidia adds Suzanne Nora Johnson to board of directors

The surge in memory prices due to AI demand pressures gaming companies to 
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Stronger job growth and stable unemployment may delay Fed rate cuts, impacting 
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The post US adds 115K jobs in April, unemployment rate holds at 4.3% appeared 
first on Crypto Briefing.

Bitcoin Bulls Need One More Signal To Confirm Market Bottom – Details

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