{"id":421554,"date":"2026-03-08T19:40:41","date_gmt":"2026-03-08T14:10:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-is-a-buy-at-60000-if-macro-forces-btc-lower-says-trader-crypto-news\/"},"modified":"2026-03-08T19:45:24","modified_gmt":"2026-03-08T14:15:24","slug":"bitcoin-is-a-buy-at-60000-if-macro-forces-btc-lower-says-trader-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-is-a-buy-at-60000-if-macro-forces-btc-lower-says-trader-crypto-news\/","title":{"rendered":"Bitcoin Is a Buy at $60,000 if Macro Forces BTC Lower, Says Trader &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"html-renderer-container\">\n<p data-ct-non-breakable=\"undefined\">Bitcoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) threatened to cement new resistance into Sunday\u2019s weekly close as traders focused on oil and gold.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul>\n<li>\n<p data-ct-non-breakable=\"undefined\">Bitcoin risks reinforcing its 200-week exponential moving average as new resistance this week.<\/p>\n<\/li>\n<li>\n<p data-ct-non-breakable=\"undefined\">Price remains unable to flip the key trend line back to support as breakouts fail.<\/p>\n<\/li>\n<li>\n<p>Oil and gold are seen as the main BTC price volatility catalysts.<\/p>\n<\/li>\n<\/ul>\n<h2>BTC price 200-week trend line in the spotlight<\/h2>\n<p data-ct-non-breakable=\"undefined\">Data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"noopener nofollow\" target=\"_blank\">TradingView<\/a> showed multiday lows of $66,569 for BTC\/USD over the weekend.<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>BTC\/USD one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>This placed the pair below its key 200-day exponential moving average (EMA) trend line, one that it had <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-bear-market-not-over-already-price-rejects-68k-trend-line\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/markets\/bitcoin-bear-market-not-over-already-price-rejects-68k-trend-line\">repeatedly tried and failed<\/a> to reclaim as support.<\/p>\n<p>Commenting, trader and analyst Rekt Capital highlighted the significance of losing that 200-week EMA, currently at $68,310, during the weekly close.<\/p>\n<p>\u201cIndeed Bitcoin has once again upside wicked beyond the 200 EMA, with price cancelling out the vast amount of the recent rebound,\u201d he wrote in an <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rektcapital\/status\/2029948353992102032\" rel=\"noopener nofollow\" target=\"_blank\">X post<\/a> on Friday.<\/p>\n<p>Rekt Capital added that a weekly candle close below \u201cwould continue to solidify the EMA as resistance.\u201d<\/p>\n<figure>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019ccd83-e69a-7c0f-aa2c-158324b93a8f.png\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>BTC\/USD one-week chart with 200 EMA. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p>Prior to February, BTC\/USD last saw a close beneath the trend line on weekly time frames in early March 2023.<\/p>\n<p>On a more optimistic note, trader Merlijn argued that price could repeat its 2023 structure, which ultimately sparked major upside after the 200-week EMA reclaim.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BITCOIN IS TESTING THE LEVEL THAT STARTED THE LAST RALLY.<\/p>\n<p>In 2023 the 200 EMA acted as the launchpad for the entire move.<\/p>\n<p>Price reclaimed it.<br \/>Retested it.<br \/>Then exploded higher.<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> is now back at the same structure near $65K.<\/p>\n<p>Hold it and continuation follows.<br \/>Lose it\u2026 and\u2026 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/DIMAWzxGss\" rel=\"nofollow\">pic.twitter.com\/DIMAWzxGss<\/a><\/p>\n<p>\u2014 Merlijn The Trader (@MerlijnTrader) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/MerlijnTrader\/status\/2030569219616854284?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 8, 2026<\/a><\/p><\/blockquote>\n<h2>All about oil and gold, says Bitcoin trader<\/h2>\n<p data-ct-non-breakable=\"undefined\">With macro tensions in the air thanks to the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/odds-of-bitcoin-price-drop-to-65k-rise-as-private-credit-woes-us-war-rattle-markets\">ongoing Middle East conflict<\/a>, attention was already on commodities and safe havens ahead of the TradFi trading week.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-anomalous-exchange-outflow-32k-btc-leave-bitfinex\"><em><strong>Bitcoin \u2018anomalous\u2019 outflow sees 32K BTC leave exchanges in a single day<\/strong><\/em><\/a><\/p>\n<p>Crypto trader, analyst and entrepreneur Micha\u00ebl van de Poppe tied gold and oil performance directly to Bitcoin\u2019s chances of a rebound.<\/p>\n<p>\u201cAll eyes on Oil tomorrow, and Gold &#038; Silver. If those are moving in favor of Bitcoin, we might see a return to the highs in the coming week and the worst is behind us,\u201d he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/2030597010726727953\" rel=\"noopener nofollow\" target=\"_blank\">told<\/a> X followers on the day.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cIf that&#8217;s not the case, I&#8217;d be a big buyer in the $60K areas if we test the lows again.\u201d<\/p><\/blockquote>\n<figure>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019ccd81-8b54-7d37-9a3a-70e082423c93.png\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>BTC\/USDT 12-hour chart. Source: Micha\u00ebl van de Poppe\/X<\/em><\/figcaption><\/figure>\n<p>WTI crude oil ended Friday up nearly 16% on the day, while gold coiled beneath the $5,200 mark after a failed rematch with all-time highs.<\/p>\n<p>Flagging record low relative strength index (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\" rel=\"\" target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\">RSI<\/a>) readings, Van de Poppe said that Bitcoin was clearly undervalued versus the precious metal.<\/p>\n<p>\u201cThe valuation of $BTC vs. Gold isn&#8217;t changed,\u201d he <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/2030377697394786611\" rel=\"noopener nofollow\" target=\"_blank\">wrote<\/a> on X.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cIt&#8217;s still the lowest RSI in history of that particular metric, which is still: &#8211; Gold is overvalued in the short term. &#8211; Bitcoin is undervalued in the short term.\u201d<\/p><\/blockquote>\n<figure>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-03\/019ccd82-97c5-7b79-b398-0ff6073ac340.png\" title=\"\"\/><figcaption style=\"text-align: center;\"><em>XAU\/USD one-day chart. Source: Cointelegraph\/TradingView<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"\/><\/div>\n<p data-testid=\"post-category-disclaimer\"><!----><span class=\"[&#038;_a:hover]:no-underline [&#038;_a]:underline\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.<\/span><\/p>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) threatened to cement new resistance into Sunday\u2019s weekly close as traders focused on oil and gold. Key points: Bitcoin risks reinforcing its 200-week exponential moving average as new resistance this week. Price remains unable to flip the key trend line back to support as breakouts fail. Oil and gold are seen as the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":421555,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-421554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=421554"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421554\/revisions"}],"predecessor-version":[{"id":421556,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/421554\/revisions\/421556"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/421555"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=421554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=421554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=421554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}