BlockBeats report: On August 25, Bitcoin surged approximately 25% over the past week, briefly reaching around $80,000. However, market analysis suggests that the 50-week simple moving average (50W MA) remains the key technical resistance level for determining whether the current bear market has truly ended, with the current level situated in the range of approximately $81,000 to $82,000.
Galaxy Research states that historically, in completed bear markets, BTC has formed a bottom 11 times upon reclaiming the 50-week moving average. If Bitcoin can close the week above this moving average, historical patterns suggest the current bear market has likely ended.
Meanwhile, Bitcoin has broken above its daily 50-day, 100-day, and 200-day moving averages, indicating a significant strengthening of short-term momentum. Some analysts believe the cycle low may have already formed; however, with Bitcoin’s 7-day gain reaching approximately 25% and its 7-day Rate of Change (RoC) at a rare high not seen in nearly five years, historical patterns suggest that such extreme readings are often followed by short-term pullbacks or consolidation, rather than sustained upward momentum.
The market will next focus on whether Bitcoin can effectively break through and hold above the 50-week moving average to further confirm a trend reversal.