In a tweet so brief that even the internets might think it was a haiku, Adam Back-Bitcoin’s pioneering, half‑mad, Blockstream CEO-strode into the ether and declared that the 200‑Week Moving Average had dared to cross the $61,000 threshold.
That fifteen‑month bar, a serpentine line that knows no pauses, is the religious metric for every crypto pilgrim: where bear markets fold their shoulders and bull markets tuck in their blankets. When it nudges past that gulf, it’s like a drummer in an eternal orchestra suddenly hit a note higher than any caged cat could muster.
#bitcoin 200wma passed $61k – Adam Back (@adam3us) May 30, 2026
Earlier this year, Back had been tracking the scale with the same obsessive gaze that midnight librarians hold a candle, pushing up checkpoints: June’s $60,000, March’s $59,000, and the whole parade of passable numbers that make no excuses to the 42 % slide from the October zenith of $126,198.
Bitcoin, Zcash, Ethereum, and XRP waltz into May 30 with bearish overtones that could be smelled on a rain‑slick street.
JPMorgan’s chief, grinning as a smuggler in a bureaucratic maze, declares the crypto bill a “fight” rather than a negotiation.
Back’s music, however, remains unnaturally linked to its own decade‑long melody even as investors giggle over circus‑style dips. The long‑term trendline does not budge, stubborn as a monk stiffening his robe for a meditation interview.
Bitcoin’s Short‑Term Ballet
The coin swooped, gravitated, and slipped for four solid days, touching a shallow puddle at $72,364 on the 29th. Then, with the grace of a caffeinated noodle, it almost chose to stand upright again.
Today, it scuffs slightly, dropping 0.05 % in the last 24 hours to a respectable $73,544.
Market sleuths are clutching the $70,000 safety net, the sacred slice of on‑chain assurance. Meanwhile, Federal Reserve Governor Michelle Bowman, in a cautious whisper to the crowd, has promised no interest‑rate summons-a sigh that would frustrate any price‑growth pilgrim.
Inflation remains an eager hound howling at the 2 % vision, so the Fed is playing a quiet game of “hold” while churning the gears for a potential early‑2027 crescendo. The up‑and‑down on‑hold rhythm leaves no room for mind‑bending rate cuts at least until the end of two years of irritation.
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2026-05-30 14:11