Bitcoin gained new upside targets for the daily close and beyond after US president Donald Trump said that Iran "wants to make a deal."
Bitcoin (BTC) saw intraday highs after Thursday’s Wall Street open as US stocks rebounded on fresh Iran peace hopes.
Data from TradingView showed BTC/USD rising back above $63,000, up by nearly 1.5% on the day.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US stocks were in the green across the board, helping to erase Wednesday’s downside as US President Donald Trump said that the Iran peace deal was “over.”
“They called a little while ago; they want to make a deal so badly,” Trump subsequently said in comments quoted by trading resource The Kobeissi Letter and others.
Crypto markets joined the sense of relief, helping push 24-hour short liquidations to nearly $100 million, per data from CoinGlass.
BTC/USD vs. crypto liquidations (screenshot). Source: CoinGlass
Commenting on the latest BTC price setup, trader Killa described their view as “not bearish at all.”
“In my view, we still have a few more months of choppy PA,” an X post stated, eyeing $68,000 for a potential short entry.
Fellow trader Jelle saw ongoing strength from bulls, with a support reclaim still possible.
“Looks like bulls aren't giving up on the reclaim just yet,” he told X followers.
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