Analyst: Bitcoin's return to $65,000 remains to be verified
2026-08-05 21:40:55
According to CoinMeta, as negotiations between the United States and Iran in the Strait of Hormuz progressed, market sentiment improved, driving the price of Bitcoin closer to $64,196. US spot Bitcoin ETF recorded over $170 million in capital inflows in the latest trades, of which Blackstone's IBIT contributed approximately $111.4 million. Despite the rising optimism, Iranian media warned that any agreement could face delays if the United States continues to issue military threats. The Bitcoin price has been fluctuating around $64,200, reflecting reduced market volatility, and technical indicators show limited momentum. Support levels are between $60,900 and $62,000, while resistance levels are between $66,000 and $67,000.
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Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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