Bitcoin's price trades above its 50-day average as bullish move gathers pace

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin's price trades above its 50-day average as bullish move gathers pace Bitcoin's convincing move above its key average indicates a strengthening of the bullish momentum. By Omkar Godbole Mar 16, 2026, 4:42 a.m. Make us preferred on Google BTC's rally gathers pace. (PublicDomainPictures/Pixabay) What to know : BTC's price trades well above its 50-day average. Analysts call it a bullish development. Volatility could rise as prices potentially near $75,000. Bitcoin's BTC $ 71,620.77 price has risen past its key average for the first time in two months, signaling strengthening bullish momentum. The cryptocurrency's price has gained over 3% to $73,700 in 24 hours, topping the 50-day moving average, which stood at $71,125 at the time of writing. The positive price action follows days of resilient performance amid the Iran war and global equity turmoil, especially in Asian markets. The so-called 50-day moving average is one of the most widely tracked momentum indicators in the market, which analysts recently cited as one of the formidable resistance levels holding back gains. "This indicator often signals the medium-term trend, and a confident break above it would be an important turning point in the coming days," Alex Kuptsikevich, senior market analyst at FxPro, said in an email. Note, however, that the bullish breakout doesn't necessarily promise a sustained uptrend. For instance, the previous one in early January was followed by an 8% price rise, but the momentum lasted just two weeks before selling resumed. Previous instances have delivered mixed results as well. For now, the breakout, points to a continued move higher and perhaps increased volatility as prices move closer to the $75,000 mark. This is the level where market makers – those ensuring a smooth trading experience by providing liquidity on an exchange – hold net short gamma positions worth billions, as CoinDesk noted Friday . So, as prices rise toward $75,000, they are likely to buy high to rebalance their net exposure to neutral. This could add to market volatility. Bitcoin News More For You Bitcoin set for best week since September 2025 as correlation with tech stocks weakens By James Van Straten | Edited by Aoyon Ashraf 11 hours ago Bitcoin is outperforming equities and gold since the Middle East conflict began, as institutional inflows return while broader market sentiment remains cautious. What to know : Bitcoin has risen about 8.5% this week and more than 13% since the Middle East conflict escalated, outperforming tech stocks, gold and US equities. U.S. spot bitcoin ETFs have recorded roughly $1.3 billion in net inflows so far in March, potentially marking the first positive month for flows since October. Read full story Latest Crypto News Crypto trading firm Blockfills has filed for bankruptcy 15 minutes ago The SEC and CFTC join hands: State of Crypto 9 hours ago Crypto’s age of hype is over, making way for the real infrastructure to be built 9 hours ago Bitcoin set for best week since September 2025 as correlation with tech stocks weakens 11 hours ago Here is why Nasdaq and owner of NYSE are putting the $126 trillion equity market on blockchain 12 hours ago Bitwise’s Matt Hougan revisits $1 million bitcoin — analysts agree but debate his timeline 14 hours ago Top Stories Bitcoin sold off first when the U.S.-Iran war began. Two weeks later, it's outperforming nearly everything Mar 15, 2026 The math behind Strategy’s path to 1 million bitcoin by the end of 2026 Mar 14, 2026 AI developers may not be keen on crypto, but stablecoins are the secret to agentic finance, crypto insiders say Mar 14, 2026 Wall Street pushes tokenized stocks, but institutions aren’t eager to trade them Mar 14, 2026 Visa is ready for AI agents. So is Coinbase. They're building very different internets 15 hours ago AI agents are quietly rewriting prediction market trading 16 hours ago In this article BTC BTC $ 71,620.77 ◢ 1.46 %