The Bitcoin ( BTC ) price rally above $82,000 earlier this week, its highest level since January 31, 2026, could be a dead-cat bounce seeking to trap more bulls. Bitcoin price must clear a major liquidity level around $88,880 to confirm a fresh bull rally, according to data from CryptoQuant, as analyzed by Finbold on May 7. Notably, the Bitcoin Realized Price UTXO Age Bands – which shows the average price different groups of BTC holders paid, based on when they last moved their coins – shows that investors who purchased between 3 and 6 months ago have created a strong sell wall around $88,880. Bitcoin realized price UTXO Age Bands. Source: CryptoQuant With BTC price struggling to maintain strong bullish momentum amid a lack of consensus between spot and leveraged traders, as Finbold explained , it is clear that recent buyers could be rushing to take profits on every uptrend. “For the bottom to be confirmed, price needs to clear 88.88K and hold – not wick through, not retest and fail. That puts the most recent cohort back in profit and removes the first layer of sell pressure,” IT Tech from CryptoQuant stated . Key targets for Bitcoin price to consider in the near term Based on the Bitcoin Realized Price UTXO Age Bands, if the flagship coin converts $88,880 into a support level, the next major sell wall would be between $93,450 and $111,850. Moreover, the average BTC price for investors who entered between 12 and 18 months ago hovered around $93,450 as of press time. Additionally, the average BTC price for traders who last moved their assets between 6 and 12 months ago was estimated at $111,850 at the time of publication. However, Bitcoin price has been climbing a wall of worry and doubts as more derivative traders turn bearish, as Finbold reported . As such, BTC price is likely to consolidate in the coming few days, as Finbold explained , before potentially crashing to form its bear market bottom. The post Is Bitcoin price bottom confirmed? On-chain data weighs in appeared first on Finbold .
