Bitcoin has moved above its 365-day moving average (average price over the past year) for the first time since Nov. 12 last year, marking a recovery in its medium- to long-term trend. Axel Adler Jr. said Bitcoin reached $85,700, 6.4% above the 365-day average of $80,500. The cryptocurrency has gained about 11.5% over the past week, rising from $76,800 to $85,700. The Trend Pulse indicator, which tracks short- and long-term trends, turned bullish again on Sept. 19. Adler identified $80,500 as the key support level; a fall below that mark into the $76,000 to $79,000 range could invalidate the breakout and return trend indicators to neutral.