Bitcoin price rebounded above $64,000 as Qatar reported progress in efforts to restart US-Iran negotiations, while technical charts pointed to a possible breakout from a descending channel.
Summary
- Bitcoin price recovered from $62,400 to above $64,000 as geopolitical concerns eased.
- A 4-hour close above $64,300 could open a move toward $65,500 and $66,500.
- Sell orders between $64,000 and $65,000 remain an immediate obstacle for buyers.
- Liquidation liquidity is concentrated near $62,000, raising the risk of another downside sweep.
Bitcoin price rebounds above $64,000
According to data from crypto.news, Bitcoin (BTC) price traded near $64,100 late Tuesday,…
