Bitcoin Reclaims 50-Week Moving Average for the First Time in Over 10 Months
Bitcoin closed a weekly candle above its 50-week shifting common for the first time in 45 weeks, Alex Thorn of Galaxy reported on September 21, 2026, after the cryptocurrency climbed again above $81,000.
The restoration places BTC at a traditionally necessary technical stage, though previous cycles supply no assure that the June low will maintain.
Bitcoin Reclaims a Level That Has Capped Previous Rallies
Thorn has been monitoring the 50-week shifting common as a ceiling throughout bear markets, and in an August analysis report, he explained that Bitcoin had repeatedly struggled to regain the line throughout earlier downturns.
Now, he’s saying that the resistance has lastly given method.
“BTC CLOSES WEEK ABOVE 50-WEEK MOVING AVERAGE FOR FIRST TIME IN 45 WEEKS,” he wrote. “Regaining the 50w MA has traditionally served as robust affirmation that bear market lows are ‘in.’”
The historic report is notable, nevertheless it comes with a qualification. Thorn’s examine discovered that in 4 of the 5 accomplished bear markets that misplaced the 50-week common, the first weekly shut again above it was adopted by no decrease low. The exception was the 2021-2022 downturn, when BTC briefly reclaimed the common twice earlier than falling additional.
But in keeping with the analyst, the current downturn stays provisional, and a single weekly shut above a shifting common can not set up {that a} new bull market is underway.
However, fellow market watcher Joe Consorti supplied a extra bullish interpretation, (*10*) {that a} shut above the common had traditionally carried a 75% likelihood of marking cycle lows, rising to 100% if you happen to exclude the Covid crash.
“The bear is slain. Welcome (tentatively) to the bull market,” he posted on X.
Where BTC Is At Currently
Bitcoin’s newest value information places it above $81,000, up about 1% in 24 hours and almost 5% over seven days. The month-to-month achieve is about 4%, whereas BTC stays almost 30% decrease over the previous 12 months and 35% under its October 2025 all-time high.
The transfer follows a turbulent week, with the OG crypto falling towards $75,000 after the US Senate did not advance the CLARITY Act, earlier than recovering regardless of a 25-basis-point Federal Reserve hike to three.75%-4% and a Bank of Japan enhance to 1.25%, which marked a 31-year high.
Bitwise CIO Matt Hougan famous that the value had climbed at the same time as prediction markets reduce the odds of CLARITY shifting ahead. The rebound additionally introduced renewed consideration to the $82,000 space, the place BTC’s advance stalled over the weekend.
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