Adam Back Flags Bitcoin (BTC) 200-Week Average Crossing Above $65,000

Bitcoin's 200-week moving average has crossed above $65,000 for the first time on record, a milestone flagged by Blockstream CEO Adam Back. The long-term technical benchmark, which serves as a key support level, climbed from $64,000 just one month prior. Current spot prices are trading well above this threshold, in the $76,000 - $77,000 range, substantially higher than the moving average's historical baseline.

This represents a structural shift in Bitcoin's long-term price foundation. The 200-week moving average is widely watched by institutional and sophisticated traders as a measure of the asset's true support floor over extended cycles, making its movement to record highs a notable technical development.

• Bitcoin's 200-week moving average hit $65,000+ for the first time ever, up from $64,000 a month ago.
• Current spot price trades at $76,000 - $77,000, well above the newly elevated support level.
• The metric is watched as a structural indicator of long-term price floors across market cycles.