Bitcoin climbed back to $65,644 on July 20, capping a volatile three-day stretch shaped as much by chart levels as by the war between the United States and Iran.
Key Takeaways
Bitcoin whales added 66,700 BTC over 60 days as price rebounded to $65,420 on July 20.Short liquidations and a moving average convergence divergence ( MACD) bull signal drove Bitcoin above its 200-week average.Traders now watch $67,200 resistance as the Iran war keeps oil and BTC volatility high.Failure to clear resistance, especially if the war escalates further, could send the price back toward the $58,000 to $64,800 range that traders have flagged as a cycle low candidate.
