$BTC has officially broken above the weekly 100EMA!
Yesterday I talked about the possibility of this major level being broken with today’s weekly candle close, and as we can see, this is exactly what happened.
The implications of this level breaking are very significant, as we can clearly see just from this year alone that this level acts as both strong support and resistance on the HTF.
Now that this level has been broken above, it significantly increases the probability that price has officially bottomed already, and we are in the beginning phases of a new bull run.
We could still very likely see dips back as low as the high $60ks, but the odds of that pullback resulting in new lows are officially very unlikely.
We must remember that the final confirmation of Bitcoin’s bull run truly being back is the break of the prior macro lower high from May at $82.8k. Until that level breaks, we could still see new lows, although it’s very unlikely.
September 7, 2026 3.8K 3 2
