Bitcoin Needs a Daily Close Above $64,700 to Seal Its Latest Rebound, Says Trader

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.

BTC/USD 12-hour chart. Source: Jelle/X

Continuing, trader Daan Crypto Trades emphasized $64,700 for the daily close.

Related: Bitcoin ETFs end 'most overwhelming' $2.7B sell-off amid new $85M net outflow

“$BTC is ranging $61.3K-$64.7K range and spent this morning climbing back up after yesterday's risk-off flush,” his latest X analysis read.

BTC/USD one-hour chart. Source: Daan Crypto Trades/X

As Cointelegraph reported , opinions on the bear-market bottom being in continue to diverge.

This week, analysis described a “textbook” bottom formation now underway, while BTC price-cycle comparisons continued to demand a deeper macro floor .

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