Bitcoin analysis warns over BTC price rejection as $67K approaches
Bitcoin climbed toward $67,000 at the US market open as a US-Iran peace deal boosted risk assets. BTC/USD rose about 1.5% from the weekly close, while US stocks also advanced sharply. Traders were divided on whether the move would extend or fail near $67,000, with some warning of a rejection and more choppy price action before a durable bottom forms. Market data suggested thin order-book liquidity above and below spot, making price easier to move. CoinGlass showed Bitcoin sweeping short liquidations around the US open. Glassnode said options positioning near $65,000 could provide supportive dealer hedging flows and noted that accumulation trends have improved across several wallet groups, indicating renewed demand after the drop to $60,000.
