Bitcoin surged above the 200-week exponential moving average, hitting $67,000 as US tariff threats were shrugged off. BTC price momentum continued with a 4.5% gain, setting up a rematch with the key long-term trend line. Despite potential tariff hikes, Bitcoin remained strong, eyeing the 200-week EMA as a critical level.

Gold’s rise above $5,000 per ounce prompted optimism among Bitcoin bulls as a potential bullish divergence with RSI against gold was noted. Analysts suggested a shift in capital flows could impact market sentiment, potentially reversing earlier views on Bitcoin’s status as “digital gold.” This analysis does not offer investment advice or recommendations.

Read more at Cointelegraph: Bitcoin’s 200-Week Trend Line is Next on the Horizon for Bulls