- Price analysis: Bitcoin tests its recovery potential:


Bitcoin price rose slightly above $60,000 after maintaining support around $58,000, prompting buyers to resume activity. Although the general technical structure indicates a downtrend, indicators suggest a possible positive shift. The MACD has turned positive on the daily chart, hinting at an initial recovery attempt, while the RSI near 39 still reflects weak momentum rather than a decisive bullish reversal.

Daily chart of BTC/USDT pair
Above, the recent Parabolic SAR reading at $62,523 reinforces the idea that the rebound is occurring within a broader bearish context. Above this barrier, the 50-day EMA near $66,157 defines the short-term trend. Higher up, the 100-day EMA at around $69,963 precedes a more significant obstacle at the downtrend resistance line around $75,208, with the 200-day EMA near $75,923, forming a dense structural zone that must be surpassed to neutralize the prevailing bearish bias.
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Cryptocurrency News Today: Steady Recovery for Bitcoin, Ethereum, and Ripple as the US and Iran Conclude Positive Talks in Doha

The cryptocurrency market saw a notable increase on Thursday, reflecting an improvement in investor sentiment after a long period of selling pressure. Bitcoin (BTC) returned to trade above $60,000 after testing the support level of $58,000 earlier in the week. Ethereum (ETH) matched Bitcoin’s positive near-term expectations, rising to above $1,600. Similarly, Ripple (XRP) held its upward path, trading above $1.06 amid strong momentum indicators.

Qatar Announces Positive Progress in Indirect Talks Between the United States and Iran
Indirect peace talks between the United States and Iran concluded on Wednesday. CNN reported that Qatari mediators said the negotiations had achieved “positive progress” on issues related to the memorandum of understanding, and that both sides agreed to continue discussions.

At the same time, technical talks are being held at a low level between American and Iranian officials indirectly through mediators from Qatar and Pakistan. CNN reported that US Vice President JD Vance said that discussions on the nuclear file are expected to begin soon.

Meanwhile, Iran warned of an “immediate and strong response” to attacks by Israeli forces, urging the United States to rein in its ally. This development comes following remarks by the Israeli Defense Minister, who stated that Iran’s Supreme Leader Mujtaba Khamenei is now a direct target.

The cryptocurrency market saw a remarkable rebound as risk aversion dipped slightly, with Bitcoin, Ethereum, and XRP posting gains for the second consecutive day. The Crypto Fear and Greed Index for the cryptocurrency market still indicates a state of extreme fear, but its rise from 11 to 19 points suggests a gradual shift in market sentiment. Although this increase is modest, it indicates that investors may gradually be regaining their cautious appetite for risk, strengthening expectations of a sustained recovery in the cryptocurrency market.

Crypto Fear and Greed Index | Source: Alternative
“What we are witnessing is not the end of Bitcoin’s long-term bull cycle, but a necessary repricing phase reflecting the evolving global macroeconomic landscape, where cryptocurrencies have become more sensitive to economic fundamentals than they were just a few years ago,” said Simon Peter Masabni, Head of Business Development at XS, in a comment.
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