Qatar's Diplomatic Push Lifts Bitcoin Above $64,000

Bitcoin's price is eyeing $66,500 after rebounding above $64,000 on Tuesday.

The recovery came as Qatar reported progress in efforts to restart US-Iran negotiations, which could ease concerns over global energy supplies and support demand for risk assets.

The daily chart showed Bitcoin closing above the 61.8% Fibonacci retracement level at $63,496, with momentum improving as the Relative Strength Index moved slightly above its signal line.

However, a confirmed break above $65,000 is needed to strengthen the short-term recovery and clear the way for targets at $65,500 and $66,641.