Bitcoin breaks above 200-day moving average for first time since November

cointelegraphPublicado em 2026-08-20Última atualização em 2026-08-20

Resumo

Bitcoin has surged above its 200-day moving average for the first time since November 2025, a technical development that may signal a weakening of its prolonged downtrend. The cryptocurrency climbed to nearly $73,000, gaining over 13% since Wednesday. This rally followed a U.S. Treasury Department announcement to increase liquidity-support buybacks for longer-dated securities, a move that boosted market risk appetite. Analysts, including from Standard Chartered, suggest this could propel Bitcoin toward $100,000 by year-end. The break above the key long-term trend indicator offers a potential sign of renewed bullish momentum.

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.

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. 9.

The operation aims to improve liquidity at the long end of the Treasury market and initially pushed long-term yields lower, helping bolster risk appetite across financial markets.

Following the Treasury’s announcement, Standard Chartered’s Geoff Kendrick said the move could help fuel a broader Bitcoin rally toward $100,000 by year-end.

Related: Bitcoin ETFs draw $517M in largest one-day inflow since early May

Perguntas relacionadas

QWhat key technical indicator did Bitcoin break above, and for the first time since when?

ABitcoin broke above its 200-day moving average for the first time since November 2025.

QAccording to the article, what could a sustained break above the 200-day moving average suggest about Bitcoin's trend?

AIt could suggest that Bitcoin's months-long downtrend is beginning to weaken or lose momentum.

QWhat recent U.S. government announcement is cited as a factor behind Bitcoin's price gain?

AThe U.S. Treasury Department announced it would at least double the size of its liquidity-support buybacks for longer-dated Treasury securities, raising the maximum from $2 billion to at least $4 billion per operation.

QWhat price level did Standard Chartered's Geoff Kendrick suggest this move could help Bitcoin rally toward by year-end?

AHe suggested it could help fuel a broader Bitcoin rally toward $100,000 by year-end.

QApproximately what price did Bitcoin climb to on the Thursday mentioned in the article?

ABitcoin climbed to nearly $73,000 on that Thursday.

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