Glassnode said on Sept. 22 that Bitcoin has moved back above all of its long-term moving averages, a shift the on-chain analytics firm described as a reversal after roughly 300 days spent below those levels. According to the firm, BTC had remained under the long-term averages for about 300 consecutive days before regaining them. Glassnode added that if Bitcoin can hold above those moving averages, the longer-term uptrend may continue. The statement frames the move as a technical change in market structure rather than a short-lived bounce, with the key condition being whether BTC can stay above the reclaimed averages.
BlockBeats reported on Sept. 22 that Glassnode said Bitcoin has climbed back above all long-term moving averages.
Glassnode said the move marks a reversal after BTC spent about 300 days trading below those averages. The firm added that if Bitcoin can remain above the long-term moving averages, the longer-term uptrend may continue.
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