Written by Sam Bourgistaff writerReviewed by Robert Lakinstaff editor

Written by Sam Bourgistaff writer

Reviewed by Robert Lakinstaff editor

Bitcoin breaks above 200-day moving average for first time since November

MarketsPublishedAug 20, 2026

The BTC price reclaimed its 200-day moving average for the first time in nine months as its rally gained momentum after the US Treasury expanded its bond buybacks.

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 consequently suggest that Bitcoin’s months-long downtrend is beginning to weaken.

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

Source: Barchart

Bitcoin has gained more than 13% since Wednesday, when the US Treasury Department revealed 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 stated the move could help fuel a broader Bitcoin rally toward $100,000 by year-end.

Related: Bitcoin ETFs draw $517M in largest one-day inflow since early May

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

• Bitcoin Price
• Bitcoin Adoption
• Bitcoin

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