On October 12, 2026, Bitcoin recorded a bullish crossover on its weekly chart. The 13-week exponential moving average (EMA) crossed above the 34-week EMA, marking the first such event in three and a half years.
David Cox, a technical analyst at Raymond James, identified the signal. The crossover was accompanied by positive readings in the MACD histogram, which indicates growing upward momentum in the asset's price.
At the time of the report, Bitcoin was trading in a range between $82 810 and $84 000. The asset showed a decline of approximately 1% intraday when the signal was observed.
This weekly signal complements existing bullish alignments observed on daily timeframes since mid-2025, where 50-day, 100-day, and 200-day moving averages have been stacked in a bullish order.
Market participants are monitoring this development alongside macroeconomic factors, including ETF inflows and inflation data, which remain critical for assessing the sustainability of the current price trend.
