Bitcoin climbed to $65,000 on Wednesday, reclaiming the level for the first time since renewed U.S.–Iran hostilities knocked the price below $62,000 earlier this week. The move caps a two-week recovery from a late-June low near $58,000.
Key Takeaways
Bitcoin touched $65,005 on July 15, its first visit to the level since sliding to $61,750 on July 13.Coinbase CEO Brian Armstrong noted buyers stepped in on July 15 even as market sentiment stayed negative.Analysts flag $65,000 as the rally’s first real ceiling; holding it would extend the 15% July advance.Yet the market’s ability to absorb a geopolitical shock, an oil spike, and fresh military strikes with only a 5% drawdown (over 2 days) could indicate that sellers are losing conviction. Each of the last three dips below $62,000 has been bought within 48 hours.
