BTC nears 200-week moving average amid short-term rally

Bitcoin has reclaimed the $67,000 level after a short-term rally of over 5% in the past 24 hours and is now approaching its 200-week moving average, which has historically served as a key support line. Cointelegraph reported that despite the U.S. government's announcement of additional tariffs, Bitcoin has maintained its upward momentum. This has brought the 200-week exponential moving average (EMA), currently around $68,330, back into focus. The report noted that BTC lost this support level earlier in the year amid a sharp price decline. A weekly close above this line could signal further upside for the cryptocurrency.