Bitcoin records first bullish 13/34-week EMA crossover in 3.5 years

Bitcoin just did something on its weekly chart that it hasn’t done in three and a half years. Its 13-week exponential moving average crossed above its 34-week EMA, a bullish signal that last appeared before plenty of today’s traders had opened their first exchange account. The crossover took place on October 12, 2026. It was highlighted by David Cox, CMT, CFA, a technical analyst at Raymond James. Chart watchers tend to treat it as a sign that the medium-term trend may be turning in buyers’ favor. What the crossover actually shows A moving average smooths out price noise by averaging closing prices over a set window. An exponential moving average does the same job but gives more weight to recent prices, so it reacts faster when the market shifts direction. The 13-week EMA tracks roughly a quarter of price action. The 34-week EMA covers a much longer stretch. When the faster line climbs above the slower one, recent prices are outpacing the longer-term average. Bitcoin was trading at approximately $82,810 when the signal was reported, down about 1% intraday. Across various sources, the reported trading range ran between $82,810 and $84,000. The supporting indicators The crossover did...