#BitcoinBouncesBack Bitcoin, with the ceasefire agreement between the US and Iran supporting a recovery in risky assets, continued its rise reaching the $67,000 level. However, there are still differing opinions in the market regarding the short-term direction.

Famous crypto analyst il Capo of Crypto stated that Bitcoin has regained the $65,000 level and said the next critical zone is between $69,000 and $70,000. The analyst commented, “$65,000 has been reclaimed. The next key level to regain is $69,000-$70,000.”

According to market data, Bitcoin continued its upward trend on Monday with the opening of US stock markets, gaining approximately 1.5% daily. Progress in the US-Iran peace process and a decline in oil prices also led to increases of about 2% to 2.4% in the S&P 500 and Nasdaq indices.

Traders note that the current movement in Bitcoin is more liquidity-driven than a strong trend buy. Some analysts suggest that BTC could face short-term selling pressure around the $67,000 region, which is a critical area with high liquidity.

Order book data shows that market depth is still weak. This situation makes Bitcoin’s price vulnerable to rapid fluctuations in both upward and downward movements. Derivative market data also indicates that short position liquidations, which intensified during the US stock market opening, increased volatility.

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