Bitcoin closes above 50-week moving average for first time in 45 weeks
Bitcoin closed a trading week above its 50-week moving average on September 22, 2026, ending a 45-week stretch below the technical level. Analyst Scott Melker argues this marks confirmation of a bear market bottom, a call he has been making since 2019. According to the report, major institutional buyers including the Strategy fund and the Strive fund resumed or increased purchases following the technical milestone.
Editorial note
This item is classified as Analysis. Claims reflect the source's technical arguments and investment perspective, not independently verified findings. The underlying price action is verifiable; the interpretation of its significance is the analyst's argument.
✓ Verified
- ✓Bitcoin closed above its 50-week moving average for the first time since November 2025. (Source: Video description)
- ✓This ended a 45-week stretch below the moving average. (Source: Video description)
- ✓Strategy fund resumed buying for the first time since August. (Source: Video description)
~ Interpretation
- ~The technical close represents confirmation of a bear market bottom. (Analyst argument, not independently verified)
- ~The analyst has been making this bottom call since 2019. (Source claim, not independently verified)
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