Bitcoin breaks above 200-day moving average for first time since November
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- Bitcoin reclaimed its 200-day moving average for the first time since November 2025, roughly a month after BTC reached an all-time high above $126,000
- Bitcoin climbed to nearly $73,000 on Thursday per TradingView, gaining more than 13% since Wednesday's Treasury announcement
- The US Treasury Department announced Wednesday it would at least double liquidity-support buybacks for longer-dated Treasury securities, raising the maximum from $2 billion to at least $4 billion per operation beginning Sept. 9
- The Treasury operation aimed to improve liquidity at the long end of the Treasury market and initially pushed long-term yields lower, bolstering risk appetite across financial markets
- Standard Chartered's Geoff Kendrick said the Treasury move could help fuel a broader Bitcoin rally toward $100,000 by year-end
- Bitcoin ETFs drew $517 million in their largest one-day inflow since early May, per the source
Why it matters: Bitcoin crossing above its 200-day moving average for the first time in nine months is a technical milestone traders use to gauge longer-term trend shifts. A sustained break suggests Bitcoin's months-long downtrend is beginning to weaken, and the 13% two-day rally — paired with $517M in ETF inflows — shows both chart and capital flows turning bullish together for the first time since November 2025.
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