Former Burnley manager full of respect for visiting Merseyside club, but not enough to suggest his team will back down from the chance to leapfrog up the table Saturday
The Scotsman believes if his side can perform as they did against Stoke, in which they recorded an impressive 5-0 victory, the Trotters can start moving up the table.
"We were disappointed with the second-half performance at West Brom last week, but not the first-half because we were outstanding and could and should have been in front," he told reporters.
"That was on the back of our very good performance against Stoke, and that is what we have to bring on Saturday against a very good Everton side," he continued. "They've got good players, but we know we have good players too and we have to bring our best.
"We'll be ready and we are looking forward to it as it's another opportunity to move ourselves away from the bottom three. We've had a couple of chances to do that and we let them pass us by, so we have to make sure that come Saturday we are ready to give our all.
Wanderers can leapfrog four teams into 14th place with a victory against the David Moyes' side, a result Bolton have managed in the last two meetings between the sides at the Reebok stadium.
"If we had done our jobs last week against West Brom then it would have taken us up to 14th," Coyle continued.
"I believe there are about ten teams with a coat of paint between them and the margins are so tight - it can be the bounce of the ball or a decision that affects games. We have to make sure we are on the right side of those.
"When we bring everything together at the Reebok there is a fantastic atmosphere which is conducive to winning games."
Coyle is wary of Moyes' potential as a bogey side, and knowing his fellow Scotsman from their playing days only makes the Bolton manager more aware of the dangers Everton may pose.
"We have to be ready for them and we will be. It's always a great game against Everton because there are two committed teams," he said.
"Everton have got top players, with the likes of Fellaini, Saha and Cahill. These are top players in any team in the league.
"I know David Moyes from way back when I used to play at Bolton and he was at Preston. We used to bump into each other at games because we would always be out watching matches.
"There's nothing he doesn't know about football and he is somebody I have got a lot of time for.
Bolton currently have nine points from 12 matches this season, sitting atop the relegation zone in 18th place. Everton have a game in hand on Saturday's opponent, currently sitting in 12th place on 13 points this term.