[Bitcoin Returns Above 200-Day Moving Average After 9 Months, Rally May Signal Strengthening Long-Term Trend] BlockBeats News, August 21: Bitcoin has recently staged a strong rebound, reclaiming the 200-day moving average for the first time since November 2025. Earlier this morning, it surged past $75,000, leading the broader crypto market to recover. The 200-day moving average is widely used to assess the long-term trend of an asset, and prices moving back above this indicator are typically seen as a bullish momentum signal. If Bitcoin can sustain its position above the 200-day moving average, it may indicate that the months-long downtrend is weakening. This rally coincided with the U.S. Treasury's announcement to expand the scale of long-term Treasury buybacks. Starting September 9, the Treasury plans to increase the cap for each long-term Treasury buyback operation from $2 billion to at least $4 billion, aiming to improve long-term Treasury liquidity. The related news pushed long-term Treasury yields lower and boosted market risk appetite. Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, previously stated that the expansion of Treasury buyback operations could further drive Bitcoin's price higher and potentially help BTC move toward $100,000 by the end of this year. [Original Link]