Bitcoin Price Analysis: BTC Reclaims 50-Week Moving Average After 45 Weeks

Bitcoin is trading at $81,600, marking a 6% gain over the past week. For the first time in 45 weeks, BTC closed above its 50-week moving average, a technical milestone that Galaxy Research head Alex Thorn described as a significant confirmation that the bear market may have concluded. Bitcoin currently holds support above its 50-day and 200-day moving averages, with analysts eyeing potential resistance at $82,900 and $83,430–$84,775, while a weekly close above $82,956 could signal further momentum toward $88,000.