Bitcoin closed a weekly candle above its 50-week moving average for the first time in 45 weeks, according to Alex Thorn of Galaxy on September 21, 2026, after the cryptocurrency climbed back above $81,000. The recovery puts BTC at a historically important technical level, although past cycles offer no guarantee that the June low will hold. The rebound occurred despite a 25-basis-point Federal Reserve hike and a Bank of Japan increase, following a drop toward $75,000 after the US Senate failed to advance the CLARITY Act. BTC remains down nearly 30% over the past year and 35% below its October 2025 all-time high.
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