Analyst: BTC must reclaim $88.8K to confirm market bottom

On-chain analyst IT Tech, who has around 46,000 followers on X, argued that Bitcoin must reclaim and hold the $88,880 level to confirm a market bottom. He explained that this price corresponds to the average realized price—the on-chain acquisition cost—for investors who have held BTC for three to six months. For those holding for 12 to 18 months, the level is $93,450, and for six to 12-month holders, it is $111,850. These price ranges act as break-even points where buyers currently at a loss may choose to sell. Therefore, for a bottom to be confirmed, BTC must reclaim the break-even price for the three to six-month holder cohort. The analyst stressed that a temporary breach with a candle wick or a failed breakout after a retest would be insufficient. Instead, a clear breakout with the candle body is necessary for buyers to return to profitability and for downward pressure to ease. "Bitcoin has not yet reached this stage," he concluded.