First Time Since 2023: Bitcoin Clears Key Trendline to Trigger Long-Term Bullish Signal

For the first time in 3 years, Bitcoin breaks above $80,500, flashing the rare long-term on-chain signal behind the 2019 and 2023 bull markets.

Gamza Khanzadaev · 22 Sep 2026 · 5 min read

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First Time Since 2023: Bitcoin Clears Key Trendline to Trigger Long-Term Bullish Signal

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By
Gamza Khanzadaev

Tue, 22/09/2026 – 16:54

For the first time in 3 years, Bitcoin breaks above $80,500, flashing the rare long-term on-chain signal behind the 2019 and 2023 bull markets.

First Time Since 2023: Bitcoin Clears Key Trendline to Trigger Long-Term Bullish Signal

Cover image via depositphotos.com

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Bitcoin closed above its 365-day moving average for the first time since March 2023, successfully breaking through a long-term trendline that has accurately predicted the start of every bull run since 2019. Surging into the $85,897 zone, the price completely absorbed a massive wall of sell orders that had been holding the market back since mid-August.

According to reports from analytics platforms Glassnode and CryptoQuant, the latest breakout above the psychological $80,500 level has officially pushed the market into a confirmed uptrend.

Pragmatism over euphoria: Why this bull run will be different from previous ones

Against this backdrop, sellers are no longer willing to part with their coins at a discount, while the SOPR index confirms that any attempts to take profits are now immediately absorbed by strong spot demand.

Large capital holders have seized the initiative and begun moving in the same direction as exchange traders for the first time in the past three years, technically breaking the prolonged downtrend that had dominated the asset over the previous months.