Bitcoin nears $65K as Trump says Hormuz will 'open to all' in Sunday Iran peace deal
Bitcoin hovered near $64,000 at the weekly close as hopes for a US-Iran peace deal supported risk sentiment. Price briefly reached about $64,750 before easing, while traders saw the move as constructive. The 200-week simple moving average held as support, and a key resistance zone around $65,000–$67,000 was identified as an important test for any stronger bullish reversal. Another bullish signal came from rising open interest combined with falling funding rates, suggesting traders were not aggressively chasing longs and that bears may be adding short exposure instead. That setup can fuel a short squeeze if price keeps climbing. CoinGlass data also showed a dense cluster of potential short liquidations near the recent highs, adding pressure if Bitcoin pushes higher.
