Analysts see BTC rebound potential at $86K amid prolonged sideways trading

Bitcoin's failure to break out of its multi-month trading range has raised the possibility of a further price decline. According to Cointelegraph, Daan Crypto Trades analyzed that BTC has fully returned to the $84,000-$94,000 range it maintained for the past two months, identifying the 2026 opening price of around $87,000 as a potential support level. Separately, Keith Alan, co-founder of the crypto market data platform Material Indicators, noted that a death cross has occurred between the 21-week and 50-week moving averages. He stated that this pattern has historically preceded the formation of long-term market bottoms and suggested a rebound could occur near the 100-week moving average at approximately $86,000.