Bitcoin’s 200-Week Trend Line Is Next on the Horizon for Bulls

Bitcoin began an assault below the 200-week exponential moving average in fresh signs of upward BTC price momentum at the start of the US session.

Bitcoin (BTC) hit $67,000 at Wednesday’s Wall Street open as bulls shook off fresh US tariff pledges.

Key points:

• Bitcoin enjoys a sustained rebound as BTC price action rises above $67,000.

• A key long-term trend line now comes back into view, with the weekly close in focus.

• Gold analysis reveals a developing RSI divergence with Bitcoin.

BTC price sets up rematch with 200-week trend

Data from TradingView showed daily BTC price gains hitting 4.5% as a local rebound continued.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Bitcoin appeared unfazed by an announcement from US Trade Representative Jamieson Greer over 15% tariffs, which may become reality “within the coming days.”

“So right now, as we talked about, 10% is in place. There will be a proclamation raising it to 15% where appropriate,” he told Bloomberg.

Tariff headlines often spark volatility in crypto markets, with their impact nonetheless cooling in recent months.

Already enjoying respite from sustained selling pressure, BTC/USD thus approached a key long-term level in the form of the 200-week exponential moving average (EMA).

As Cointelegraph reported, BTC price losing the level as support has become a classic bear market signal.

Commenting, trader and analyst Rekt Capital repeated analysis from earlier in February, suggesting that the upcoming weekly close should be above the 200-week EMA, now at $68,330.

BTC/USD one-week chart with 200 EMA. Source: Cointelegraph/TradingView

Trader Castillo Trading also eyed weekly time frames, with a potential upside target near $74,500, Bitcoin’s 2025 yearly lows.

Bitcoin teases RSI bullish divergence versus gold

As gold ranged above the $5,000 per ounce mark, meanwhile, crypto trader, analyst and entrepreneur Michaël van de Poppe saw reason for Bitcoin bulls to stay optimistic.

Related: Bitcoin ETF sell-off is ‘purification’ of bull case, investor says

“Interesting enough; There’s a strong bullish divergence on the daily chart of $BTC vs. Gold,” he told X followers on the day, referring to the relative strength index (RSI). 

BTC/USD vs. gold one-day chart with RSI, volume data. Source: Michaël van de Poppe/X

Such a turnaround in capital flows would upend market opinions from earlier in the year.

As Cointelegraph reported, analysis even concluded that Bitcoin had lost its quest to be “digital gold” with its comedown from October 2025 all-time highs.

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