First bear-market trend line reclaim since 2025: Five things to know in Bitcoin this week

Bitcoin (BTC) starts the final week of August near its highest levels since mid-May as its bear-market recovery reaches a critical stage.Key points:Bitcoin sees a weekly candle close above its 50-week exponential moving average (EMA) for the first time since November 2025.Amid its best August gains in almost a decade, BTC/USD returns investor cohorts to net profit, while new money enters at $73,000.Fed chair Kevin Warsh is in the spotlight ahead of the Jackson Hole symposium.US PCE data will be released on Wednesday as markets continue to respond to last week’s US Treasury debt buyback.Investor capital returns to exchange-traded products as Bitcoin ETF netflows hit $1.9 billion last week.Bitcoin scrapes weekly close above key resistanceBitcoin reached $79,550 last week, its highest levels since early May as a five-day rally brought gains of up to 27%. BTC/USD closed last week at $77,727 on Bitstamp, per data from TradingView. This signified a reclaim of its 50-week exponential moving average (EMA), a key resistance trendline that currently sits at $77,752.The 50-week EMA is commonly brought into focus by traders during Bitcoin bear markets. The last candle close above this crucial ...