Bitcoin Surges Following US-Iran Peace Deal

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

Explore Agentic TradingLet AI Trade for You

Bitcoin Price Rebound: Bitcoin surged to $65,759 following the announcement of the US-Iran peace deal, marking a 2.2% increase over 24 hours, indicating a positive market reaction that could attract more investors to the cryptocurrency space.
Energy Market Impact: The agreement led to a more than 4% drop in Brent crude prices to around $83 per barrel, alleviating inflation pressures and potentially prompting central banks to lower interest rate expectations, which could have a favorable impact on the overall economy.
Improved Market Sentiment: With Bitcoin's rebound, Asian stocks rallied, and Japan's Nikkei 225 approached record highs, reflecting a restoration of investor confidence in risk assets, which may further drive demand for cryptocurrencies.
Technical Challenges Ahead: Despite the short-term rebound, Bitcoin faces a critical resistance level at $68,000; failure to break through could lead to a retest of the $60,000 to $65,000 support range, while market sentiment remains cautious regarding ETF inflows.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like BTC with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	53405.739	56452.869	59905.739	62952.869	66405.739	69452.869	72905.739
Fibonacci	56452.869	58935.869	60469.869	62952.869	65435.869	66969.869	69452.869

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on BTC?

Get Started Free