Although Bitcoin (BTC) has experienced a price recovery so far in 2026, it has not yet reached a major technical level where an upward trend can be confirmed.
Bitcoin is currently trading below the base cost of the coin, which last fluctuated 6-12 months ago. Historically, once the price falls below that point, the overall trend is downward. that’s right Risk of further decline remains high.
If Bitcoin can recover its fundamental cost for holders who moved 6-12 months ago, the market structure will change. “This breakout typically signals a transition to an uptrend, creating further upside potential,” explains the analyst known as Crypto Dan.
This can be seen in the following graph in CryptoQuant Explorer. The yellow line shows the average price of the coin that moved 6-12 months ago, and the white line shows the price of Bitcoin.
Bitcoin analysts predict $100,000
at the moment, Its base cost is close to $100,000. (USD). After weeks of sideways movement, Bitcoin is showing early signs of recovery, making this level an important benchmark to watch.
But more demand strength is still needed to overcome it. Bitcoin prices rose this week to a one-month high of $95,000.
If you haven’t exceeded that level, you’ll see: The overall bearish trend continuesCrypto Dan points out. In his view, whether the market ultimately turns bullish depends on this one level.
Additionally, $100,000 is a strong psychological indicator and a recovery could boost market sentiment. This is not just because six figures is a powerful number that investors seek. According to Bollinger Bands analysis, this is also an important level.
Technical analyst John Bollinger, who created such a band model, believes that the first bullish target for Bitcoin is $100,000, with the second $107,000 being a key support-resistance area. “If we fail here, we have to go back to the trenches,” he says.
Bitcoin breaks above Bollinger Bands
The recent price increase has pushed Bitcoin down to the lower band of the indicator before moving it above the upper band. this reflects a positive technical signalAll eyes will be on whether the rise continues.
Bollinger Bands consist of a central moving average and two bands (upper and lower), as seen on the chart. These are located at a distance determined by the standard deviation of prices and serve as a technical indicator of volatility. Therefore, it helps to identify potential breakout, overbought, and oversold zones in the market.
The price recovery Bitcoin is currently undergoing is driven in part by shark activity. As reported by CriptoNoticias, these large investors holding between 100 and 1,000 BTC made the largest purchases in 13 years.
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