{"id":899903,"date":"2026-04-17T15:13:17","date_gmt":"2026-04-17T20:13:17","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/17\/bitcoins-price-trades-above-its-50-day-average-as-bullish-move-gathers-pace\/"},"modified":"2026-04-17T15:13:17","modified_gmt":"2026-04-17T20:13:17","slug":"bitcoins-price-trades-above-its-50-day-average-as-bullish-move-gathers-pace","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/17\/bitcoins-price-trades-above-its-50-day-average-as-bullish-move-gathers-pace\/","title":{"rendered":"Bitcoin’s price trades above its 50-day average as bullish move gathers pace"},"content":{"rendered":"

Bitcoins <\/p>\n

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Bitcoins Bitcoin’s price trades above its 50-day average as bullish move gathers pace<\/h2>\n

Bitcoins Bitcoin’s convincing move above its key average indicates a strengthening of the bullish momentum.<\/h2>\n

Mar 16, 2026, 4:42 a.m. <\/span><\/p>\n

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Bitcoin’s BTC<\/span><\/svg><\/span>$77,544.65<\/span><\/span><\/span><\/a><\/span> price has risen past its key average for the first time in two months, signaling strengthening bullish momentum.<\/p>\n

The cryptocurrency’s price has gained over 3% to $73,700 in 24 hours, topping the 50-day moving average, which stood at $71,125 at the time of writing. The positive price action follows days of resilient performance amid the Iran war and global equity turmoil, especially in Asian markets.<\/p>\n

The so-called 50-day moving average is one of the most widely tracked momentum indicators in the market, which analysts recently cited as one of the formidable resistance levels holding back gains.<\/p>\n

“This indicator often signals the medium-term trend, and a confident break above it would be an important turning point in the coming days,” Alex Kuptsikevich, senior market analyst at FxPro, said in an email.<\/p>\n

Note, however, that the bullish breakout doesn’t necessarily promise a sustained uptrend. For instance, the previous one in early January was followed by an 8% price rise, but the momentum lasted just two weeks before selling resumed. Previous instances have delivered mixed results as well.<\/p>\n

For now, the breakout, points to a continued move higher and perhaps increased volatility as prices move closer to the $75,000 mark. This is the level where market makers \u2013 those ensuring a smooth trading experience by providing liquidity on an exchange \u2013 hold net short gamma positions worth billions, as CoinDesk noted Friday<\/a>.<\/p>\n

So, as prices rise toward $75,000, they are likely to buy high to rebalance their net exposure to neutral. This could add to market volatility.<\/p>\n<\/div>\n

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