The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin tested the $65,500 level as market sentiment improved following a diplomatic breakthrough between the U.S. and Iran that reopened the Strait of Hormuz. Falling oil prices and hopes for geopolitical de-escalation fueled the rally, leading to approximately $150 million in short position liquidations. With the price climbing above $65,000, expectations are growing for a potential return to the $69,000 mark in the short term.