Bitcoin closed the week ending September 20 above its 50-week moving average for the first time in 45 weeks. The cryptocurrency was trading near $81,000 after gaining almost 6% during the week and 29% over the past 35 days. The moving average stood near $78,115, making the weekly close above it more significant than a brief intraday move.
Galaxy Research examined 13 comparable reclaims since 2011 and found that Bitcoin avoided a new low in 11 cases, while successful breakouts have historically coincided with the end of major bear markets. The latest signal suggests the recent low near $60,000 may hold and raises the possibility of further gains, but it is not a guarantee. The outlook depends on Bitcoin holding above the moving average in the coming weeks.
https://www.coindesk.com/markets/2026/09/21/bitcoin-s-price-has-cleared-a-key-hurdle-that-has-historically-preceded-major-bull-runs
oxhak / Ox HaK
npub1sx…dz7z7
2026-09-21 04:35:25 UTC
Author Public Key
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wss://nostr.oxtr.devPublished at
2026-09-21 04:35:25 UTCEvent JSON
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"content": "Bitcoin closed the week ending September 20 above its 50-week moving average for the first time in 45 weeks. The cryptocurrency was trading near $81,000 after gaining almost 6% during the week and 29% over the past 35 days. The moving average stood near $78,115, making the weekly close above it more significant than a brief intraday move.\n\nGalaxy Research examined 13 comparable reclaims since 2011 and found that Bitcoin avoided a new low in 11 cases, while successful breakouts have historically coincided with the end of major bear markets. The latest signal suggests the recent low near $60,000 may hold and raises the possibility of further gains, but it is not a guarantee. The outlook depends on Bitcoin holding above the moving average in the coming weeks.\n\nhttps://www.coindesk.com/markets/2026/09/21/bitcoin-s-price-has-cleared-a-key-hurdle-that-has-historically-preceded-major-bull-runs",
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