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Bitcoin rises above $63,000 amid Iran deal hopes
BTC/USD jumped back above $63,000, and 24-hour short liquidations neared $100 million as markets priced in renewed Iran peace prospects.
Bitcoin climbed back above $63,000 after the Wall Street open, tracking a broader rebound in US stocks on renewed hopes for an Iran-related deal, Cointelegraph reported. BTC/USD logged intraday strength, rising nearly 1.5% on the day to reclaim the $63,000 level.
Cointelegraph pointed to trading context tied to comments attributed to Trump, where he suggested parties “want to make a deal so badly.” The outlet said crypto markets joined the risk-rebound dynamic, helping drive 24-hour short liquidations to nearly $100 million, according to CoinGlass data.
Technical commentary highlighted a recent trading range of $61.3K to $64.7K, with some traders discussing the possibility of continued choppiness and potential support reclaims. One trader also referenced a view that BTC could see several more months of uneven price action, with $68,000 noted as an area of interest for a potential short entry.
Cointelegraph added that views on whether a bear-market bottom is in remain mixed, with some analysis describing a “textbook” bottom formation while other cycle comparisons call for a deeper macro floor.
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