A monthly Bitcoin (BTC) market-cycle framework places its middle threshold near $87,170, between accumulation and distribution markers, offering a technical reference point without setting a timetable for a record high.
Monthly Bollinger Bands supply the framework’s three reference areas: accumulation at $51,746, capitulation near $87,170 and distribution at $122,596.
The middle marker is $5 above the 20-month simple moving average EconoTimes reported at $87,165 on Oct. 16. A move above the boundary would satisfy one element of a bullish reading. The framework offers no forecast for a record high.
