CryptoQuant suggests Bitcoin may reclaim 20-month moving average before reaching new highs

CryptoQuant reported that Bitcoin (BTC) may reach new all-time highs if it successfully breaks through its 20-month simple moving average (SMA) at $87,165, which was lost in December 2025. The 20-month SMA serves as an 'inflection frontier' and is part of the Bollinger Bands metric, with current bands at $121,640 and $52,694. CryptoQuant's bull-bear market cycle indicator shows Bitcoin is in a bull market, and a contributor, GugaOnChain, summarized that the market has concluded its 'reset' after the all-time high of $124,709 on October 6, 2025.