Geopolitics Alpha

Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs

Published . Updated .

Bitcoin's price has topped its 50-week average for the first time in 45 weeks, a major bullish signal.

Directly affected

  • BLSH Bullish

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • BITB BITWISE BITCOIN ETF TR

    GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITU PROSHARES ULTRA BITCOIN ETF

    GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITX 2X BITCOIN STRATEGY ETF

    GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • FAS DIREXION DAILY FINANCIAL BULL 3X ETF

    GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
BLSH———————
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
BITB———————
BITU———————
BITX———————
FAS———————

Bitcoin's price has topped its 50-week average for the first time in 45 weeks, a major bullish signal.

Source: CoinDesk

How far Bitwise Bitcoin ETF (BITB) has moved since 21 Sep 2026

Since the first closing price after “Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs,” Bitwise Bitcoin ETF (BITB) is -5.26%. The S&P 500 fund (SPY) is -0.88% over the same days, a -4.37% difference versus the market.

BITB
SPY

Who gains and who loses around Bitwise Bitcoin ETF (BITB)

Companies carried with this story

  • BITB Bitwise Bitcoin ETF

    Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 21 Sep 2026 story “Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs.” Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITU Proshares Ultra Bitcoin Etf

    In “Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITX 2X Bitcoin Strategy Etf

    In “Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs,” 2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FAS Direxion Daily Financial Bull 3X Etf

    For “Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs,” Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GBTC Grayscale Bitcoin Trust ETF

    For “Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GGLL Direxion Daily Googl Bull 2X Etf

    For “Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs,” Direxion Daily Googl Bull 2X Etf (GGLL) is linked, with no stored direction, medium confidence. Reason on file: GA selected GGLL as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Bitwise Bitcoin ETF (BITB)

Bitwise Bitcoin ETF (BITB) is the company in “Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs,” the 21 Sep 2026 this story story.

Bitwise Bitcoin ETF (BITB) is on the page because GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Proshares Ultra Bitcoin Etf (BITU) is here too. Its reason reads: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates in the story, and the Bitwise Bitcoin ETF (BITB) price range

BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.

A simple score for Bitwise Bitcoin ETF (BITB)

46 out of 100

“Bitcoin’s price has cleared a key hurdle that has historically preceded major bull runs” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.