Bitcoin Is a Buy at $60,000 if Macro Forces BTC Lower, Says Trader

Bitcoin threatened to cement new resistance into Sunday’s weekly close after multiday lows of $66,569 left the pair below its 200-week exponential moving average, a trend line it had repeatedly tried and failed to reclaim. Rekt Capital highlighted that losing the 200-week EMA, currently at $68,310, during the weekly close would continue to solidify the EMA as resistance.

On a more optimistic note, Merlijn argued price could repeat its 2023 structure: the 200 EMA acted as the launchpad for the last rally, with price reclaiming it, retesting it, then exploding higher. He said $BTC is now back at the same structure near $65K — hold it and continuation follows; lose it, and downside would likely follow.

Macro tensions from the ongoing Middle East conflict focused attention on commodities and safe havens, with oil and gold seen as the main BTC price volatility catalysts.

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