TL;DR:
- Bitcoin’s price reached $84,421 this September 22, 2026, after crossing the 365-day moving average located around $83,000.
- Trading volume in spot markets recorded a 60% increase during the breakout of this technical level.
- Bitcoin’s market dominance stood at 58.87% at the time the reclamation of this annual benchmark was confirmed.
Bitcoin traded above $84,000 this September 22 and reclaimed the 365-day moving average. Tuesday’s market action was confirmed by analysts from data intelligence firm CryptoQuant.
Bull market: confirmed.
Bitcoin closed above its 365-day moving average for the first time since March 2023 — the line that has called every bull market since 2019.
Next resistance: $88K–$90K. pic.twitter.com/qECGTBsXVM
— CryptoQuant.com (@cryptoquant_com) September 22, 2026
With this move, the pioneer cryptocurrency’s value sits 6.4% above its annual average. CryptoQuant’s report indicates that this technical crossover is interpreted as a key signal determining the formal conclusion of the corrective phase and the revival of trend capital inflows toward the asset.
Julio Moreno, head of research at CryptoQuant, pointed out that a sustained breakout above the 365-day moving average was the final quantitative condition to confirm the transition toward a bull cycle. Platform data suggests that the concentration of trading activity in the spot market provides a firmer structural foundation compared to rallies driven by derivatives.
The Moving Average Convergence Divergence (MACD) indicator entered positive territory simultaneously with the rally. According to CryptoQuant’s technical projections, the price remaining above the $83,000 to $84,000 support zone would clear the path toward the $88,000 and $90,000 range.
For his part, CryptoQuant CEO Ki Young Ju stated that institutional participants regularly use this 365-day metric to validate the market’s macroeconomic direction. Technical data from the firm highlights that the Bull/Bear Market Cycle Indicator measures the gap between the profit and loss index and this moving average to classify the market regime.
Technical Levels and Institutional Context
The Relative Strength Index (RSI) reached 68.5 points following the breakout above the 365-day moving average. CryptoQuant analysts note that this level reflects short-term market overheating, which could lead to a consolidation phase before testing higher resistance levels.
In the derivatives market, large-volume traders’ portfolios maintain a bias toward long positions. However, on-chain metrics indicate that losing the immediate support at $83,000 could trigger a technical pullback toward $81,000 or $78,500.
Concurrently, United States spot Bitcoin exchange-traded funds (ETFs) logged net inflows of $433 million over recent trading sessions. Official documentation from institutional issuers confirms that corporate firms have continued expanding their treasuries during this quarter.
Historically, Bitcoin had not traded comfortably above the 365-day moving average since November 2025. CryptoQuant models project that, if the price consolidates above $90,000, the market would open a technical target toward the $95,000 to $100,000 band.
The market remains focused on next Sunday’s weekly close on September 27 and the quarterly Bitcoin options expiration scheduled for Friday, September 25, 2026—events that will determine whether the asset decisively cements its newly reclaimed support level.
