Bitcoin crosses 200-day moving average for first time in nine months

Bitcoin’s latest rally has pushed the cryptocurrency above a key long-term technical indicator for the first time in about nine months, offering a potential signal that its broader downtrend is losing momentum.

Charting platform Barchart highlighted on Thursday that Bitcoin’s (BTC) price had crossed above its 200-day moving average for the first time since November 2025, roughly a month after BTC reached an all-time high above $126,000.

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. A sustained break above the level could therefore suggest that Bitcoin’s months-long downtrend is beginning to weaken.

The move came as Bitcoin climbed to nearly $73,000 on Thursday, according to TradingView data.

Bitcoin has gained more than 13% since Wednesday, when the US Treasury Department announced it would at least double the size of liquidity-support buybacks for longer-dated Treasury securities, raising the maximum from $2 billion to at least $4 billion per operation beginning Sept. 9.

The operation aims to improve liquidity at the long end of the Treasury market and initially pushed long-term yields lower, helping bolster risk appetite across financial markets.

Following the Treasury’s announcement, Standard Chartered’s Geoff Kendrick said the move could help fuel a broader Bitcoin rally toward $100,000 by year-end.