Bitcoin breaks above 200-day moving average for first time since November
Bitcoin’s latest rally has pushed the cryptocurrency above a key long-term technical indicator for the first time in about nine months, offering a potential signal that its broader downtrend is losing momentum. Charting platform Barchart highlighted on Thursday that Bitcoin’s (BTC) price had crossed above its 200-day moving average for the first time since November 2025, roughly a month after BTC reached an all-time high above $126,000.
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Key Facts
- Fact 1: Charting platform Barchart highlighted on Thursday that Bitcoin’s (BTC) price had crossed above its 200-day moving average for the first time since November 2025, roughly a month after BTC reached an all-time high above $126,000.
- Fact 2: The 200-day moving average is widely used to gauge longer-term market trends, with moves above the indicator often viewed as a sign of bullish momentum.
- Fact 3: The move came as Bitcoin climbed to nearly $73,000 on Thursday, according to TradingView data.
- Fact 4: Source: Barchart Bitcoin has gained more than 13% since Wednesday, when the US Treasury Department announced it would at least double the size of liquidity-support buybacks for longer-dated Treasury securities, raising the maximum from $2 billion to at least $4 billion per operation beginning Sept.
Bitcoin’s latest rally has pushed the cryptocurrency above a key long-term technical indicator for the first time in about nine months, offering a potential signal that its broader downtrend is losing momentum. Charting platform Barchart highlighted on Thursday that Bitcoin’s (BTC) price had crossed above its 200-day moving average for the first time since November 2025, roughly a month after BTC reached an all-time high above $126,000.
The 200-day moving average is widely used to gauge longer-term market trends, with moves above the indicator often viewed as a sign of bullish momentum. A sustained break above the level could therefore suggest that Bitcoin’s months-long downtrend is beginning to weaken. The move came as Bitcoin climbed to nearly $73,000 on Thursday, according to TradingView data.
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Original source: Cointelegraph
Also reported by Cointelegraph — Bitcoin.
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