Bitcoin Pushes Past $65K Amid US-Iran Tensions

Bitcoin's price rebounded to around $65,000 after the Wall Street open, extending gains as broader risk sentiment stabilized despite renewed geopolitical concerns tied to the US and Iran.

The move came alongside a rebound in US equities, where the S&P 500 bounced from its lowest level since early August.

While stocks were finding support, the bond market and oil developments signaled a more complicated macro backdrop.

The latest price action has turned attention back to technical structure, with trader and analyst Aksel Kibar focusing on a potential reverse head-and-shoulders formation and pointing to $62,300 as the culmination point where a rebound would need to originate to validate the pattern.