Crypto: Bitcoin Daily Gains Near 5% As Analysis Eyes Bullish 'rotation'...
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.
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.
Data from TradingView showed daily BTC price gains hitting 4.5% as a local rebound continued.
Bitcoin appeared unfazed by an announcement from U.S. Trade Representative Jamieson Greer over 15% tariffs, which could 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 on 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).
Source: CoinTelegraph