BloFin Research
BloFin Research|Sep 21, 2026 09:39
Bitcoin has made it. BTC has closed the week above the 50-week SMA, clearing one of the final technical hurdles that has historically separated bear-market recovery from a new bull trend. The sharp move higher reflects that shift in market psychology: a major resistance level has finally been reclaimed. That doesn’t mean price moves straight up from here. BTC could still revisit the 50W SMA and test it as support, right now at $78K, and is trending down. So Bitcoin could drop below that level in the coming weeks, but still above the 50W SMA. But the technical structure has changed. The key now is whether Bitcoin can hold the level it just reclaimed.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads