Bitcoin is testing its 20-month simple moving average (SMA) again, according to data from the onchain analytics platform CryptoQuant. Cointelegraph reported this on Oct 16, 2026, in an article by staff writer William Suberg, edited by Yohan Yun. Price data on the page listed BTC at $82,282.57.
CryptoQuant's market cycle signals tool shows Bitcoin's recent price action following a pattern from earlier cycles. The report calls this moving average an "inflection frontier". In the past, Bitcoin climbing back above it came before runs to new macro highs.
The report does not say Bitcoin has moved back above the 20-month SMA. It says Bitcoin has begun a new attempt to do so, and that attempt has not finished. The article does not say when it will end or which way it will go.
For someone who already holds a perpetual position on Bitget, Bybit, MEXC or OKX, this report changes nothing directly. It contains no figures on funding rates, trading fees or order-book liquidity. A long-term moving average does not set what a position costs to hold. Funding and fees are what decide that, and this story does not mention either.
Source: cointelegraph — Bitcoin may seek 20-month trend line reclaim before new record highs: CryptoQuant
Price today: Bitcoin