Bitcoin Surges Above Key Moving Average, Key Resistance About to Crack

Bitcoin has pushed decisively back above its closely watched 50-week moving average.

The bulls could be on the verge of a potential test of the $82,000-$83,000 resistance zone.

$BTC climbed as high as $81,797 on the daily chart before pulling back slightly, with the latest price around $81,400.

This is a daily gain of more than 5% over 24 hours.

Galaxy Research has stated that "all eyes" are currently on the 50-week moving average.

bitcoin:native is back above the 50W MA.

Will a weekly close above it happen this week? pic.twitter.com/shrFmJhz2Q

— Ted (@TedPillows) September 3, 2026

That level has become particularly important because Bitcoin spent much of the past year below it.

The 50-week ceiling

Bitcoin peaked above $124,000 in late 2025 before its unfortunate decline. The subsequent downtrend produced a sequence of lower highs and lower lows. During that decline, the 50-week simple moving average became a major resistance level.

Galaxy Research currently puts it around $81,041.

In fact, Bitcoin already attempted this breakout in late August. It briefly reached $81,265 on Aug. 25 but was rejected around the 50-week average, which was then approximately $81,085.

However, the move appears to be much stronger now. $BTC has produced a powerful daily candle through the area. That makes the weekly close especially important.