Bitcoin hasn't done this since October!

Talk about raring to go in the new year: Bitcoin has climbed as much as 8% so far in 2026, now trading around its highest levels since December 10th.

Traders would also have noticed that BTC is now trading above its 50-day simple moving average (SMA) - a widely followed technical indicator - for the first time since late-October 2025.

Note how the 50-day SMA has previously acted as a "resistance zone" - preventing BTC prices from marching much higher above it.