Key technical breakouts in both equities and crypto suggest a potential return of bullish momentum.
The recent correction in stocks may be ending, as a key technical indicator signals a possible trend reversal—an optimistic sign for bitcoin (BTC), which has also overcome similar resistance levels.
Gaining 1.7% on Monday, the S&P 500 continued last week’s rally by reclaiming its 200-day moving average (200 DMA) after enduring a correction of nearly 10% in recent months. The 200 DMA, calculated as the average closing price over the past 200 trading days, is widely regarded as a critical gauge for identifying broader market trends and potential inflection points.
The S&P 500 last crossed this benchmark on March 10. While it briefly dipped afterward, the index has since resumed its uptrend, maintaining positive momentum into the new week.
Bitcoin (BTC) has mirrored this movement, currently trading above $88,000 after decisively breaking through its own 200 DMA of $85,046 over the weekend. The next key resistance level sits at $93,245, aligning with the short-term holder realized price—a metric representing the average on-chain acquisition cost of coins held outside exchange reserves and moved within the last 155 days. These coins are often considered the most likely to be spent in the short term, making this level a crucial area to watch for potential price action.
