Bitcoin nears $65K as Trump says Hormuz will 'open to all' in Sunday Iran peace deal
Summary
Bitcoin held near $64,000 into the weekly close after news that a US-Iran peace deal could soon be signed, easing broader market tension. BTC briefly reached about $64,750 before consolidating. Traders saw the move as constructive, with the 200-week simple moving average acting as support and $65,000–$67,000 highlighted as a key resistance zone. Open interest rising while funding rates fell was interpreted as bears increasing shorts rather than bulls chasing price, a setup that can fuel a durable rebound through short squeezes. CoinGlass data showed nearby highs lining up with a dense cluster of potential short liquidations, which could accelerate gains if price breaks higher.
