up 1.46% intraday and reaching a high of $65,186 for the first time since June 17. Hopes for a US-Iran agreement, which put pressure on oil prices, provided a tailwind.

The move gave impetus to major altcoins: Ethereum gained 2.4%, Solana and BNB rose by about 1.5%, and XRP lagged with a 0.7% gain.

However, the broader market has not yet supported the rally of the leaders – the CoinDesk 20 index remains slightly lower on the day. Some analysts are skeptical of the rebound, paying attention to the price position relative to key moving averages.

What does technical analysis show? We asked WarrenAI, Investing.com's smart chatbot, to analyze the daily BTC/USD chart.

Technical picture

The global trend remains bearish: SuperTrend maintains a bearish signal at $68,559, with the price below the Ichimoku Cloud ($65,809–$71,009). The current rally is an exit from oversold territory after the RSI dropped to 29.7, and the MACD formed a bullish cross at $63,302. So far, this looks like a countertrend corrective rebound rather than a cycle change. A potential double bottom is forming at $59,211 / $60,824, but the pattern is unconfirmed—the neckline is in the $76,000 region.

Bullish factors:

RSI is breaking out of oversold territory, MACD has crossed bullishly—typical signs of a short-term rebound.

The $62,300–$63,300 support zone is still holding; the June low of $59,211 was accompanied by a strong bullish reaction.

The emerging double bottom, if confirmed, opens the door to $75,000–$76,000.

Bearish factors:

Price is below the Ichimoku cloud and SuperTrend ($68,559)—the trend structure remains downward.

Powerful resistance cluster in the $68,000–$69,000 region: SuperTrend, 38.2%. Fibonacci ($67,918), high-volume zone

The 50-day moving average ($71,873) is well above the current price—a consolidation above this level is needed to confirm a reversal.

Key Levels

Support: $62,300–63,300 (nearest), $59,211 (June low), $55,000 (psychological level). Resistance: $68,000–69,000 (cluster), $70,606 (50% Fibonacci), $71,873 (50-day MA).

The $65,100–67,900 zone remains a range of uncertainty—risk and reward are deteriorating in both directions, with few triggers.

Conclusion

The rebound from the lows is encouraging for the bulls, but the trend structure has not yet been broken. To confirm a reversal, a daily price move above $68,559 is needed, or better yet, above $71,873. Without this, the current rally remains a correction within the downtrend, and the $68,000–$69,000 zone could become a selling resumption point. The optimal tactic is to wait for the price to break out of the current range and not rush into buying halfway to resistance.