Bitcoin: Surges $3,000 After US-Iran Peace Deal
Bitcoin hits $66,900 after US-Iran peace deal with $460M shorts liquidated and crypto market adding $100B; 4h chart shows bullish EMA structure at $66,643.8.
SourceAnalysis
Bitcoin surged $3,000 to a high of $66,900 after the US-Iran peace deal, triggering $460 million in short liquidations within 24 hours while the total crypto market added $100 billion in value.
Price action on the 4h chart sits at $66,643.8 inside a bullish trend with EMA50 support at $64,267.33 and EMA200 resistance at $69,654.14; MACD at 772.43 confirms the golden cross continuation while RSI at 71.39 signals overbought conditions and price tests the upper Bollinger Band resistance at $66,468.24, suggesting a probable healthy retracement toward the 50-EMA before any further advance.
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