Bitcoin price eyes $66.5K as Qatar pushes US-Iran talks

Bitcoin price rebounded above $64,000 as Qatar reported progress in efforts to restart US-Iran negotiations, while technical charts pointed to a possible breakout from a descending channel. Summary Bitcoin price recovered from $62,400 to above $64,000 as geopolitical concerns eased. A 4-hour close above $64,300 could open a move toward $65,500 and $66,500. Sell orders between $64,000 and $65,000 remain an immediate obstacle for buyers. Liquidation liquidity is concentrated near $62,000, raising the risk of another downside sweep. Bitcoin price rebounds above $64,000 According to data from crypto.news, Bitcoin (BTC) price traded near $64,100 late Tuesday, recovering from an intraday low around $63,300 and extending its rebound from the $62,400-$62,500 support area. The daily chart showed BTC closing above the 61.8% Fibonacci retracement level at $63,496. Holding this threshold would keep the recovery structure intact and allow buyers to target the 78.6% retracement at $65,026. Bitcoin price daily chart — Aug. 4 | Source: crypto.news Momentum has also improved. The daily Relative Strength Index stood at 50.30, moving slightly above its signal line at 49.94. The reading places Bitcoin...