Bitcoin (BTC to PKR) gained almost 5%, breaking above $67,000 and challenging the 200-week exponential moving average (EMA) near $68,330. Analysts note a developing bullish RSI divergence versus gold, suggesting a potential rotation of capital from traditional safe havens into BTC, with an upside target around $74,500.
Bitcoin trades near $68,566 (≈ PKR 19.2–19.4 million) after shrugging off renewed US tariff headlines. Daily gains of 4.5% mark a rebound above short-term resistance, putting the weekly close and 200-week EMA back into focus.
“Upcoming weekly close above the 200-week EMA is critical. It could signal renewed bullish momentum for BTC,” analyst Rekt Capital said.
Trader Castillo Trading also noted a potential upside toward $74,500, coinciding with 2025 yearly lows, if BTC holds support above $68K.
As gold trades above $5,000 per ounce, analysts observe a subtle bullish divergence in Bitcoin’s RSI versus gold. Michaël van de Poppe highlighted that this could indicate early signs of capital rotating from traditional stores of value into BTC.
“It’s not confirmed, but given recent strength, a slight rotation seems to be starting. It’s about time,” van de Poppe commented.
This divergence may support a short-term bullish narrative, reversing earlier views that Bitcoin had lost its “digital gold” appeal following the 2025 drawdown.
Bitcoin’s next key hurdles are the 200-week EMA (~$68,330) and the $70K mark. A sustained move above these levels could trigger further upside to $74K–$75K. Support remains near $66K–$67K for now, providing a base for bulls to regain momentum.
