Bitcoin Reclaims 200-Day Moving Average as Rally Extends Past $75,000
Key Takeaways
- •Bitcoin reclaimed its 200-day moving average for the first time in nine months.
- •BTC rose above $75,000 and extended gains of more than 13%.
- •The U.S. Treasury said it would at least double buybacks of longer-dated Treasuries to $4 billion per operation.
- •The Treasury announcement initially lowered long-term yields and improved risk appetite across financial markets.
- •Standard Chartered’s Geoff Kendrick said the move could help drive Bitcoin toward $100,000 by year-end.
Bitcoin climbed above its 200-day moving average for the first time since November 2025, a technical development that may indicate its months-long downtrend is weakening.
$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. #Bitcoin #BTC pic.twitter.com/PWgJPQ2urK — BitKE (@BitcoinKE) August 21, 2026
$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. #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. The move initially pushed long-term Treasury yields lower and helped improve risk appetite across financial markets, making Bitcoin’s reclaim of a closely watched technical level more notable for traders tracking whether the recent rebound can hold.
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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, a level that many market participants use to gauge whether a prior downtrend has eased.
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