Bitcoin analysis warns over BTC price rejection as $67K approaches
Bitcoin climbed toward $67,000 at the U.S. market open as the US-Iran peace deal boosted risk assets. BTC/USD gained another 1.5% after the weekly close, while U.S. stocks rose sharply, with the S&P 500 and Nasdaq up as much as 2.4%. The move came alongside reports that shipping through the Strait of Hormuz was resuming. Traders remain split on whether the rebound has room to continue or will fade near $67,000. Some see a possible rejection at that level, while others say the market may still be forming a bottom and could see more choppy trading. Liquidity conditions remain thin, making price easier to move in either direction. BTC also swept short liquidations around the U.S. open. Glassnode said options positioning near $65,000 could offer supportive dealer hedging flows, and accumulation data suggests demand is returning as investors absorb supply after the drop to $60,000.
