Bitcoin: Climbs 2% on Iran Sanctions Relief
Bitcoin rises 2% as U.S. futures recover after Iran reports progress on asset releases and oil sanctions relief, with oil down 3%.
SourceAnalysis
Bitcoin advanced 2% alongside equity futures recovery after Iran signaled good progress toward releasing assets and easing oil sanctions, sending oil down 3% while gold gained 2% and silver surged 4%.
S&P 500 futures recovered 0.55% from lows, Nasdaq futures added 0.45%, and Russell 2000 futures rose 0.7% on the diplomatic update.
Price action on the 4h chart shows BTC trading inside the Bollinger Bands with the upper resistance at $64913.43 acting as immediate overhead while the 50-EMA at $64151.35 provides concrete support beneath current levels at $64555.13; the MACD golden cross at -10.24 reinforces bullish structure even as RSI at 55.13 remains neutral, suggesting a measured push toward band resistance before any deeper test of the 200-EMA at $68476.72.
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