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Crypto

Bitcoin Surmounts 200-Day Moving Average, Price Nears $73,000

Guavy AI Editorial Team
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BTC
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Bitcoin has broken above its 200-day moving average for the first time since November 2025, according to Barchart.

This move is seen as a potential signal that the cryptocurrency's broader downtrend is losing momentum.

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.

The price of Bitcoin climbed to nearly $73,000 on Thursday, up over 13% since Wednesday's announcement by the US Treasury Department that it would at least double the size of liquidity-support buybacks for longer-dated Treasury securities.

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