Bitcoin (BTC) rose above $63,000 on Thursday after U.S. President Donald Trump suggested that Iran is willing to negotiate a new deal, boosting investor sentiment across global financial markets.
The world’s largest cryptocurrency gained nearly 1.5% during the day, tracking a broader rally in U.S. stocks as investors responded positively to easing geopolitical concerns.
Trump told reporters that Iran had reached out and “wants to make a deal,” fueling optimism after tensions escalated following the collapse of a previous ceasefire.
The improved market sentiment triggered a sharp rise in cryptocurrency prices, with data from CoinGlass showing nearly $100 million in short liquidations over the past 24 hours.
Market analysts remain divided on Bitcoin’s next move. Trader Killa said the current outlook is “not bearish at all,” predicting several more months of sideways price action while identifying $68,000 as a potential resistance level.
Meanwhile, analyst Jelle said Bitcoin bulls are attempting to reclaim key support levels. According to him, a move above current resistance could push BTC toward the $65,000–$70,000 range, while rejection could send prices back below $60,000.
Another market analyst, Daan Crypto Trades, identified $64,700 as the key daily closing level. He noted that a close above this mark could trigger a broader relief rally, whereas a close below $61,300 could revive bearish momentum and increase the likelihood of another decline.
Despite the recent rebound, analysts remain split on whether Bitcoin has already formed a long-term market bottom or could still face further downside in the coming months.
