Bitcoin is on the verge of a major bullish configuration, as its 50-, 100-, and 200-day simple moving averages are close to aligning in an upward trend. This alignment, where the 50-day average is above the 100-day, and the 100-day is above the 200-day, would be the first since 2025. Currently, the 50-day average is at $79,495, the 100-day at $79,493, and the 200-day at $79,539. Such a setup indicates strong upward momentum across short, medium, and long-term trends, suggesting the cryptocurrency's recent recovery, which saw its price surge over 40% to $87,000 in Q3, is robust.