Bitcoin has recorded its first weekly close above the 50-week simple moving average of the current cycle, according to Bitcoin Magazine. The technical development is being viewed as a potential signal that market conditions have shifted in a more bullish direction. Sean Hagan estimates an approximately 80% probability that the move represents a genuine regime change. The 50-week moving average is a widely followed long-term trend indicator, making the close a notable development for traders monitoring Bitcoin’s market structure. The report does not provide a price target or specify how long the signal may persist. Bitcoin Magazine’s article was written by Patrick Green and published on September 21, 2026.
Source
Bitcoin Magazine
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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