Bitcoin breaks above $87,000, but historical patterns warrant caution

Bitcoin closed the week of Sept. 20 at $81,178, reclaiming its 50-week moving average for the first time since November 2025. While Galaxy Research notes that such reclaims have historically signaled market bottoms, analysts warn that the current rally may be driven by a short squeeze and ETF demand rather than pure accumulation, as on-chain data shows increased exchange inflows.