Galaxy Research identifies the 50-week moving average for Bitcoin at about $82,470 and considers it a key threshold for assessing whether the current bear market has ended.

Odaily notes that a weekly close above roughly $82,000 would bolster the view that the June 30 low marked a bottom.

The firm analyzed completed Bitcoin bear markets since 2011 and found that Bitcoin revisited the 50-week moving average 13 times, with 11 of those instances avoiding a new closing low. By contrast, the 50-day moving average offers a quicker signal but failed in 43 of 106 retests.

As of August 22, Bitcoin traded around $77,190, about 30% above the June 30 low and roughly 6% below the 50-week moving average.

In longer bear markets, the first successful return to the 50-week moving average typically occurred between 130 and 284 days after the bottom, with Bitcoin rising about 63% to 80% over that period.