First bear-market trend line reclaim since 2025: Five things to know in Bitcoin this week
Bitcoin (BTC) starts the final week of August near its highest levels since mid-May as its bear-market recovery reaches a critical stage. Key points: Bitcoin sees a weekly candle close above its 50-week exponential moving average (EMA) for the first time since November 2025.
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Key Facts
- Fact 1: Key points: Bitcoin sees a weekly candle close above its 50-week exponential moving average (EMA) for the first time since November 2025.
- Fact 2: Amid its best August gains in almost a decade, BTC/USD returns investor cohorts to net profit, while new money enters at $73,000.
- Fact 3: Investor capital returns to exchange-traded products as Bitcoin ETF netflows hit $1.9 billion last week.
- Fact 4: Bitcoin scrapes weekly close above key resistance Bitcoin reached $79,550 last week, its highest levels since early May as a five-day rally brought gains of up to 27%.
Bitcoin (BTC) starts the final week of August near its highest levels since mid-May as its bear-market recovery reaches a critical stage. Key points: Bitcoin sees a weekly candle close above its 50-week exponential moving average (EMA) for the first time since November 2025.
Amid its best August gains in almost a decade, BTC/USD returns investor cohorts to net profit, while new money enters at $73,000. Fed chair Kevin Warsh is in the spotlight ahead of the Jackson Hole symposium. US PCE data will be released on Wednesday as markets continue to respond to last week’s US Treasury debt buyback.
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Original source: Cointelegraph — Bitcoin
Also reported by Cointelegraph.
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