First bear-market trend line reclaim since 2025: Five things to know in Bitcoin this week
Bitcoin closed a weekly candle above its 50-week EMA for the first time since late 2025 as markets prepared for the Jackson Hole symposium.
Bitcoin reclaimed its 50-week EMA for the first time since late 2025 and reached a five-year high of $79,550, as traders prepared for the Jackson Hole symposium. The price surged 27% over a five-day period, closing the week at $77,727 on Bitstamp. Analysts caution that the entire area around $80,000 may yet prove resistant for bulls, as BTC has previously retraced after similar breakouts.
Crypto trader Rekt Capital warns that the bear market could endure until Bitcoin fully confirms a break of the macro downtrend and reaches the projected $93,000 level in 2027. BTC has also shown improved profitability for long-term holders, while new money profitability rose significantly. The Federal Reserve and its chair, Kevin Warsh, are central to the market's attention this week as the Jackson Hole symposium begins, with Warsh set to make his first public appearance since the July FOMC meeting.
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