Bitcoin is about to get a major bullish signal it hasn't had in over a year
CoinDesk 2026-10-05 06:57:40
Context: Bitcoin's price is poised to receive a significant bullish signal, with its 50-, 100-, and 200-day moving averages nearing a fully bullish alignment for the first time since 2025. This development reinforces the cryptocurrency's three-month recovery, which has seen its price surge by over 40% to $87,000 in the third quarter. The impending signal suggests that bitcoin's price recovery has endured, but its ability to remain above its 50-day average will be the next key test.
Key Facts
- Bitcoin's 50-, 100-, and 200-day moving averages are nearing a fully bullish alignment, with the 50-day average at $79,495, the 100-day at $79,493, and the 200-day at $79,539.
- The cryptocurrency's price has surged by more than 40% to $87,000 in the third quarter, although its advance has recently stalled near $85,000 due to a strengthened US dollar.
- Similar bullish alignments have preceded major rallies, such as the one on October 27, 2020, which led to a record high of $64,000 in May 2021, and another in November 2023, which saw bitcoin more than double to $73,000.
- The real test for bitcoin is whether its spot price can continue to stay above its 50-day average during a correction, according to Subburaj.