Bitcoin Price Eyes $66.5K as Qatar Pushes US-Iran Talks

Bitcoin's price has rebounded above $64,000 as Qatar reported progress in efforts to restart US-Iran negotiations. This development eased some geopolitical concerns surrounding global energy supplies.

The dip from $62,400 was short-lived, with BTC trading near $64,100 late Tuesday. The daily chart shows Bitcoin closing above the 61.8% Fibonacci retracement level at $63,496, keeping the recovery structure intact and allowing buyers to target the 78.6% retracement at $65,026.

The Aroon indicator offered a positive signal, with Aroon Up standing at 78.57%, while Aroon Down fell to zero. However, Bitcoin remains within a broader consolidation range between approximately $57,868 and $66,975. A daily close above $65,026 would strengthen the short-term recovery.