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Bitcoin closed a weekly candle above its 50-week moving average for the first time in 45 weeks, Alex Thorn of Galaxy reported on September 21, 2026, after the cryptocurrency climbed back above $81,000.<\/p>\n
The recovery puts BTC at a historically important technical level, although past cycles offer no guarantee that the June low will hold.<\/p>\n
Thorn has been tracking the 50-week moving average as a ceiling during bear markets, and in an August research report, he explained<\/a> that Bitcoin had repeatedly struggled to regain the line during previous downturns.<\/p>\n Now, he’s saying<\/a> that the resistance has finally given way.<\/p>\n “BTC CLOSES WEEK ABOVE 50-WEEK MOVING AVERAGE FOR FIRST TIME IN 45 WEEKS,” he wrote. “Regaining the 50w MA has historically served as strong confirmation that bear market lows are ‘in.’”<\/p>\n<\/blockquote>\n The historical record is notable, but it comes with a qualification. Thorn’s study found that in four of the five completed bear markets that lost the 50-week average, the first weekly close back above it was followed by no lower low. The exception was the 2021-2022 downturn, when BTC briefly reclaimed the average twice before falling further.<\/p>\n But according to the analyst, the present downturn remains provisional, and a single weekly close above a moving average cannot establish that a new bull market is underway.<\/p>\n However, fellow market watcher Joe Consorti offered a more bullish interpretation, writing<\/a> that a close above the average had historically carried a 75% chance of marking cycle lows, rising to 100% if you exclude the Covid crash.<\/p>\n “The bear is slain. Welcome (tentatively) to the bull market,” he posted on X.<\/p>\n<\/blockquote>\n Bitcoin’s latest price data puts it above $81,000, up about 1% in 24 hours and nearly 5% over seven days. The monthly gain is about 4%, while BTC remains nearly 30% lower over the past year and 35% below its October 2025 all-time high.<\/p>\n The move follows a turbulent<\/a> week, with the OG crypto falling toward $75,000 after the US Senate failed to advance the CLARITY Act, before recovering despite a 25-basis-point Federal Reserve hike to 3.75%-4% and a Bank of Japan increase to 1.25%, which marked a 31-year high.<\/p>\n Bitwise CIO Matt Hougan noted that the price had climbed even as prediction markets cut the odds of CLARITY moving forward.\u00a0The rebound also brought renewed attention to the $82,000 area, where BTC’s advance stalled<\/a> over the weekend.<\/p>\n The post Bitcoin Reclaims 50-Week Moving Average for the First Time in Over 10 Months<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
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Where BTC Is At Currently<\/h2>\n
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