Bitcoin Above The 50 MABitcoin has climbed back above the 50-day moving average (blue line) โ a level it hasnโt closed above since January. That alone is notable โ it marks a potential shift in momentum after months of trending beneath it. That said, the 200-day moving average (red line) still looms above as overhead resistance and hasnโt been tested on this push yet.
Price action has been constructive off the lows, with higher highs and higher lows forming over the past two weeks. Volume has picked up modestly, though not convincingly, suggesting the rally is cautious rather than euphoric. The $73,835 support level continues to hold firm as the critical line in the sand below.
Itโs too early to declare a trend reversal, but closing multiple daily candles above the 50 MA would be a positive signal for bulls. Keep an eye on the 200 MA just above โ cracking that level would open the door to more aggressive upside.
