Bitcoin gains ~5% as BTC nears 200‑week EMA; traders spot bullish RSI vs gold
Bitcoin (BTC) rallied about 4.5–5% intraday, trading near $67,000 at the U.S. market open as traders pushed price back toward the 200‑week exponential moving average (EMA) around $68,330. The move came despite fresh U.S. tariff headlines, underlining the market’s reduced sensitivity to some macro news. Analysts flagged the coming weekly close above the 200‑week EMA as a key confirmation for sustained bullish momentum: Rekt Capital emphasized the importance of a weekly close above this long‑term trend line, while Castillo Trading named a potential upside retest near $74,492 (noted around the 2025 yearly low) if weekly structure holds. Separately, Michaël van de Poppe pointed to a possible bullish RSI divergence between Bitcoin and gold (XAU), suggesting an early rotation of capital from gold into BTC if the signal confirms. Traders should watch the 200‑week EMA level, the weekly close, and the RSI relationship with gold when sizing positions and managing risk. This summary is informational and not trading advice.
Bullish
The news is bullish for BTC price. A ~4.5–5% intraday gain that pushes Bitcoin back toward the 200‑week EMA signals renewed buyer interest at a major long‑term technical level. Market commentary centers on the weekly close above the 200‑week EMA as the confirmation trigger; if BTC closes the week above ~ $68.3k, many technical traders are likely to increase long exposure, treating the EMA as support rather than resistance. Castillo Trading’s upside retest near ~$74.5k provides a tangible target if weekly structure holds. The possible bullish RSI divergence versus gold adds a macro-rotation narrative — capital shifting from gold to BTC can amplify flows into spot and derivatives, supporting further upside. Short term, price may remain sensitive to macro headlines (tariffs) and could see pullbacks or volatility around the EMA; intraday traders should manage risk around this level. Longer term, reclaiming and holding the 200‑week EMA would be a constructive sign for trend continuation and could attract more momentum-driven buying. Overall, the combination of price action, key technical confirmation levels, and the RSI/gold signal point to a bullish bias for BTC, provided the weekly close validates the move.