We have started to see Bitcoin rally once again from its $62.5k support level. This rally also came following news from Trump claiming to have a “new deal” with Iran.
Clearly, we have seen in the past that Trump claiming a deal is done has not always been accurate, so this rally could easily give back its gains if fighting resumes.
But if this rally does continue, I’d keep an eye on any retest of the downtrending trend line, which price has already rejected from multiple times.
It should be interesting to see where $BTC closes its weekly candle tomorrow. Keep a very close eye on it!
