James E. Thorne, Chief Market Strategist at Wellington-Altus, evaluating Bitcoin’s long-term technical outlook, stated that the medium-term trend in the cryptocurrency market has turned bullish again, and the current structure presents a very strong outlook.
According to Thorne, Bitcoin’s weekly chart currently points to one of the strongest technical setups in the market. He notes that Bitcoin retreated to the rising 200-week moving average during the correction after its 2025 peak, but managed to hold above this level, arguing that the long-term uptrend has never been broken.
The analyst noted that following the low seen in June, the 30-week and 40-week exponential moving averages shifted from a downward to an upward trend. The fact that the Bitcoin price has also risen above these averages again indicates, according to Thorne, that the medium-term outlook has shifted from bearish to bullish. He added that weekly momentum indicators also support the price movement and that no negative divergence has formed.
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Thorne argued that not only the technical outlook but also the market structure in which Bitcoin operates is changing. He stated that developments in GENIUS regulations and tokenization are beginning to move Bitcoin and the broader digital asset ecosystem beyond being merely a speculative market, integrating it into the infrastructure of the financial system.
Thorne, noting the increasing prevalence of regulated stablecoins, tokenized US Treasury bonds, and on-chain consensus systems, believes these developments could create a different and more structural demand for Bitcoin than in previous market cycles. For this reason, the analyst has characterized the current period as a potential “supercycle.”
Thorne also pointed to the four-year US presidential cycle, saying that historically, stock markets are entering their strongest performance period.
Thorne, arguing that the macroeconomic outlook is also beginning to shift in favor of Bitcoin, stated that while there are signs of improvement in productivity, wages, and employment in the manufacturing sector, inflationary pressure has eased despite the supply shock created by tariffs and rising oil prices. The analyst, who claims that the Fed’s tightening of monetary policy in this environment is a mistake, suggests that markets have already begun pricing in the aftermath of this process.
Thorne stated that the current outlook points to a very strong bullish scenario for Bitcoin, considering that Bitcoin has maintained its long-term moving average, medium-term averages have turned upward again, structural demand has strengthened, and macroeconomic conditions have become supportive.
*This is not investment advice.