Bitcoin Breaks Above 200-Day Moving Average in Bullish Momentum Shift
Bitcoin's price has broken above its 200-day moving average for the first time since November, according to data from charting platform Barchart. This technical indicator is widely used to gauge longer-term market trends, and a move above it can be seen as a sign of bullish momentum.
The 200-day moving average serves as a key level in Bitcoin's price history, with the cryptocurrency reaching an all-time high above $126,000 in November 2025. The latest rally has pushed Bitcoin's price to nearly $73,000, according to TradingView data.
This move follows news that the US Treasury Department would at least double the size of liquidity-support buybacks for longer-dated Treasury securities. This announcement helped boost risk appetite across financial markets and led to a 13% gain in Bitcoin since Wednesday.
Geoff Kendrick, an analyst from Standard Chartered, commented on the potential impact of the Treasury's move, stating that it could fuel a broader Bitcoin rally toward $100,000 by year-end. However, it is essential to note that all investments carry risk, and readers are encouraged to conduct independent research.