Bitcoin nears 50-week average, putting its weekly close streak in doubt

what happened

Bitcoin (BTC) slipped to the brink of its 50-week simple moving average on Friday, threatening a run of weekly closes above this key trend line, Stocktwits reports. The cryptocurrency traded near $76,000, just 0.6% above the average of $75,580. On Thursday the price briefly dipped about 1.1% below that level, but it recovered by the close and finished at $75,800.

Bitcoin had first moved back above the average in the week ending September 20, closing at $81,150. That was its first weekly close above the line since November 9, 2025. Galaxy's Alex Thorn noted that in four of the five bear markets that had ended, the first break above this level marked the bottom. However, two of the 13 weekly crosses in past bear markets were followed by a lower low, both during the 2021-2022 downturn.

Short-term momentum is fading. According to Koyfin data, the price sits 5.5% below its 10-week moving average of $80,522, and the 50-week average is still declining. The next test comes at the weekly close on November 8.

why it matters

The key question for the market is whether the 50-week average can hold as support. A weekly close below the line would be the first since the September reclaim and could revive fears of a false breakout. Retail sentiment on Stocktwits remains bearish.

market impact

Bitcoin: proximity to the 50-week average keeps pressure two-sided until the weekly close confirms the trend

• ↔Bitcoin mixed — the average could act as either support or resistance, depending on the weekly close

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