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.
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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.