BTC closed above its 50-week exponential moving average for the first time since November 2025, signaling potential bear market relief.
Bitcoin surged to $79,550 last week, marking its highest level since early May, as a five-day rally delivered gains of up to 27%. BTC/USD settled at $77,727 on Bitstamp, reclaiming the 50-week exponential moving average (EMA) at $77,752, a critical resistance level tracked during bear markets.
The last weekly close above this trendline occurred in November 2025. Historically, Bitcoin has retested the 50-week EMA before declining to macro lows, leaving traders cautious despite recent strength. Analysts note the $80,000 zone remains a hurdle, with price action forming lower highs.
Traders warn that prior bear market relief rallies often reversed sharply within a week, making the coming days pivotal for sustaining momentum.