Bitcoin has accelerated. At the Wall Street open, the price rose above $67,000, showing a daily gain of about 4.5%.
The market ignored another round of statements about a possible rate hike in the US. Despite the threat of tariffs increasing to 15%, the reaction was muted and BTC continued to recover after a period of pressure.
Return to the 200-Week Average
The key technical benchmark now is the 200-week exponential moving average. This level is near $68,300 and is traditionally considered the boundary between long-term bull and bear markets.
Losing this zone has often coincided with periods of deep corrections. Therefore, the upcoming weekly close above the 200-week EMA becomes an important signal for market participants.
If the level is held, the structure will start to look more stable. Otherwise, the recovery may turn out to be just a technical rebound.
Target Around $74,500
A scenario is forming on the weekly charts for a return to the area around $74,500. This level coincides with the lows of 2025 and is now seen as a potential resistance zone.
To test it, bitcoin needs to consolidate above current levels and confirm demand strength through volume.
There is momentum for now, but the sustainability of the move will be tested in the coming days.
Gold Slows Down, Bitcoin Accelerates
An interesting picture emerges when compared to gold. The precious metal continues to trade above $5,000 per ounce, but a divergence is forming on the relative strength chart.
According to the RSI index between BTC and gold, a bullish divergence is emerging. This means that as gold’s growth slows, bitcoin begins to show relative strengthening.
Some analysts see this as a possible capital rotation. When gold cools off after strong growth, some funds may move into more volatile assets.
What This Means for the Market
If rotation is indeed starting, bitcoin gets an additional growth factor. In an environment where traditional safe-haven assets are stabilizing, speculative capital looks for new growth points.
However, it is too early to talk about a full reversal. Until there is confirmation through a hold above the 200-week average and sustained ETF inflows, the market remains sensitive to news and macro factors.
The structure now looks better than a week ago. But the key question is whether the momentum will persist after testing long-term levels.
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