Bitcoin price taps $65.5K as Iran deal sees oil drop toward 16-week low
Bitcoin rose above $65,000 at the Wall Street open, reaching about $65,555 on Bitstamp, as price action was driven mainly by nearby liquidation and liquidity clusters. The move came while U.S. stocks opened weaker, though sentiment improved after the U.S. temporarily allowed Iranian oil trading, helping crude fall to around $73 per barrel. Traders said BTC had just swept a large liquidation zone above $65K, making the $65K–$67K area important for short-term strength. If price holds, some see a push toward $70,000; if it rejects, liquidity below $65K could be revisited. Recent Bitcoin liquidations were described as extreme, totaling about $2.5 billion over seven days. A cautionary view noted that in recent weeks, Mondays have often marked local highs before price pulled back.
