Qatar's Foreign Ministry confirmed it's brokering talks to bring the United States and Iran back to the negotiating table. Majed Al-Ansari, the spokesperson, emphasized that Doha wants normal conditions restored in the Strait of Hormuz, with Pakistan and Oman shuttling proposals between Washington and Tehran. No agreement timeline exists yet.
The geopolitical thaw rippled through crypto markets. Bitcoin rebounded from $62,400 to trade near $64,100 late Tuesday, shaking off the intraday dip to $63,300. The rebound mirrors easing concern over global energy supplies as Iran's use over Hormuz shipping appears less immediately threatening.
Technical setup tilts toward buyers
Bitcoin closed above the 61.8% Fibonacci level at $63,496. Hold that and the next target becomes the 78.6% retracement at $65,026. A daily close above that mark would strengthen momentum toward $66,500, though the July high near $66,975 remains the real breakout hurdle.
The Relative Strength Index sits at 50.30, hovering above its signal line. Neutral territory, meaning neither buyers nor sellers grip the wheel. The Aroon indicator tells a different story. Aroon Up reached 78.57% while Aroon Down cratered to zero, signaling recent highs matter more than recent lows. Sell orders cluster between $64,000 and $65,000, creating friction for any rally attempt.
Liquidation liquidity bunches near $62,000. That proximity raises the odds of another downside sweep if sentiment sours. Bitcoin remains trapped inside a broader range between $57,868 and $66,975.
This article is informational only and does not constitute investment or financial advice.
