Will Bitcoin's 200-Week Moving Average Ruin the BTC Price Comeback?

Bitcoin (BTC) climbed to about $64,000 after Friday’s Wall Street open as markets took modest relief from US‑Iran peace hopes while SpaceX prepared what would be the largest IPO ever. Shares were slated to debut at $170 — $45 above the initial IPO price. At the time of writing there was no official information about whether a deal would go ahead, and US President Donald Trump challenged details from the Iranian side on Truth Social.

TradingView showed BTC/USD retaining gains as crypto and other risk assets shrugged off inflation headwinds. Mosaic Asset Company said markets now face a combination of a strong labor market and high inflation, adding that better economic data is giving the average stock a reason to rally even as some air is released from the massive rally in AI infrastructure stocks.

Still, traders cautioned that a key support line could fail.

United States, Wall Street

bitcoin, 200-week ma, btc price, spacex ipo, ipo debut, us iran, donald trump, truth social, inflation, support line