Bitcoin is about to get a major bullish signal it hasn't had in over a year
Summary
Bitcoin is close to a bullish alignment of its 50-, 100- and 200-day moving averages: the 50-day average is already above the others, while the 100-day is nearly crossing above the 200-day. The pattern would reflect strengthening momentum after a recovery of more than 40% in the third quarter, though BTC has recently stalled near $85,000. Previous alignments have preceded both major rallies and brief or losing runs, so the signal is not a guarantee of gains. The key test is whether bitcoin can remain above its 50-day average during a correction.
