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Bitcoin nears key $87,165 trend line, signaling potential cycle highs if it breaks above 20-month average.

Technical Signals
16 Oct 2026
Tokenpost
View Source
Neutral
Bitcoin nears key $87,165 trend line, signaling potential cycle highs if it breaks above 20-month average.

Bitcoin is approaching a significant trend line at $87,165, close to its 2026 opening price of $87,490. This level aligns with the 20-month simple moving average, considered an "inflection frontier" in the market-cycle framework using Bollinger Bands. Bitcoin fell below this average in December 2025, and a move back above it could signal the start of new cycle highs. The trend line is also near where Bitcoin recently struggled to regain $87,000, making this a critical point for investors to watch.

Bitcoin price context shows 16 of 50 major cryptocurrencies on Pluang rose while 33 fell. Notable movers include EOS at Rp12.649 (+8.13%), FIL at Rp20.405 (+5.92%, 79% buy orders), and BAT at Rp3.489 (+5.30%, 75% sell orders). Data is as of Oct 17, 2026 00:22 WIB.

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