Bitcoin just climbed above its 200-day moving average for the first time since November 2025, a technical signal that could point to a weakening of its months-long downtrend.

$BTC crosses $75K

The $BTC price has reclaimed its 200-day moving average for the first time in nine months as its rally gained momentum after the U.S Treasury expanded its bond buybacks.https://t.co/00e9zSvmcZ#Bitcoin #BTC pic.twitter.com/PWgJPQ2urK

— BitKE (@BitcoinKE) August 21, 2026

BTC rose above $75,000 extending gains of more than 13% after the U.S. Treasury announced it would at least double the size of its liquidity-support buybacks for longer-dated Treasuries to at least $4 billion per operation.

CRYPTO MARKETS | Here is Why Crypto Markets Saw Bitcoin Rise 8%, Ether Gain 18%

The move initially pushed long-term Treasury yields lower and helped improve risk appetite across financial markets.

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

Bitcoin’s break above the widely watched 200-day moving average is now being closely monitored for confirmation of a broader trend reversal.

BITCOIN | ‘Bitcoin Could Hit $1 Million If it Captures 17% of the Gold Market Over the Next 10 Years,’ Says Bitwise CIO

Stay tuned to BitKE for updates on crypto developments globally.

Join our WhatsApp channel here.

Follow us on X for the latest posts and updates

Join and interact with our Telegram community

______________