Bitcoin price crosses 200-day moving average for first time since November 2025

Bitcoin rises above key long-term price level

Bitcoin’s price has climbed above its 200-day moving average for the first time in nine months. This technical indicator is often used by traders to judge the overall direction of an asset’s price over a longer period.

The move happened on August 20, 2026, as Bitcoin reached nearly $73,000. The last time Bitcoin traded above this level was in November 2025, about a month after it hit a record high above $126,000.

What the price move means

• Bitcoin’s 200-day moving average is a line that shows the average price of Bitcoin over the past 200 days. When the price rises above this line, it can signal that the asset’s long-term trend may be turning positive.
• The price crossed this level after gaining more than 13% since August 19, when the U.S. Treasury announced plans to increase bond buybacks.
• Bitcoin’s price reached $77,975.45 on August 20, up 8.45% from the previous day.

U.S. Treasury bond buybacks may have helped

The U.S. Treasury Department said on August 19 that it would double the size of its bond buyback operations starting September 9. The buybacks are meant to improve liquidity in the Treasury market, which can affect other financial markets, including cryptocurrencies.

The Treasury will increase the maximum size of each buyback from $2 billion to at least $4 billion. This move initially pushed long-term bond yields lower, which may have encouraged investors to take more risks, including buying Bitcoin.

What analysts say

Geoff Kendrick, an analyst at Standard Chartered, said the Treasury’s bond buyback plan could help push Bitcoin’s price toward $100,000 by the end of 2026. However, this is an opinion and not a confirmed fact.

What is confirmed

• Bitcoin’s price crossed above its 200-day moving average on August 20, 2026, for the first time since November 2025.
• The U.S. Treasury announced it would expand bond buybacks starting September 9.
• Bitcoin’s price reached nearly $73,000 on August 20, up more than 13% since the Treasury’s announcement.

What is still unclear

• Whether Bitcoin’s price will stay above the 200-day moving average or fall back below it.
• How long the effects of the Treasury’s bond buybacks will last on financial markets.
• If the price will reach $100,000 by the end of 2026, as some analysts predict.

Why this matters for crypto investors

The 200-day moving average is a widely watched indicator in financial markets. When Bitcoin’s price rises above it, some traders see it as a sign that the asset’s long-term trend may be improving. This could attract more investors to Bitcoin.

The U.S. Treasury’s bond buyback plan may also have broader effects on financial markets, including cryptocurrencies. If bond yields stay low, investors might look for higher returns in riskier assets like Bitcoin.

Sources

• Cointelegraph