Bitcoin has closed above a widely watched long-term trend line for the first time since last November, a bullish signal for buyers after a long slump.

• Bitcoin closed above its 200-day average, something it hasn't managed since November 1 of last year.
• In past cycles, that first reclaim after a deep drop marked the bottom and the end of the bear phase.
• The same pattern showed up in 2018 and 2022 — repeated rejections on the way down, then a clean break back above.
• Pullbacks toward that line have historically been buying chances rather than the start of a new leg down.
• A drop back below would undercut the whole setup.

Outlook: Expect some retracement, but the low likely holds unless Bitcoin loses that trend line again.

## Bitcoin Levels

• **Bias:** Bullish — first daily close back above the 200-day simple moving average since November 1, 2025.
• **Buy / accumulate:** Retests of the 200-day moving average from above.
• **Support:** The 200-day simple moving average.
• **Invalidation:** A daily close back below the 200-day moving average.