Bitcoin Near $66K as Trader Flags Unusual Price Action

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Bitcoin pushed for a $64,000 reclaim despite the US-Iran war making a partial comeback and Binance spot sellers keeping up pressure from earlier in the week.

Bitcoin (BTC) returned to $64,000 on Sunday amid concerns over unreliable BTC price strength.

Bitcoin brushes off US-Iran tensions despite the Strait of Hormuz being closed.

A trader calls BTC price behavior "suspicious" as a result, while targets see maximum upside reaching $66,000.
Binance sell-side pressure remains substantial.

BTC price ignores new Hormuz closure, Iran strike threats

BTC/USD hitting local highs of $64,522 on Bitstamp before reversing to trade 0.5% lower on the day.

The pair maintained most of its gains despite fresh instability in the US-Iran war, with Tehran once again closing the Strait of Hormuz oil route and placing the current peace deal in doubt.

Israeli strikes on Lebanon lay at the heart of the stand-off, with Iran warning that last week’s ceasefire could unravel entirely as a result. US President Donald Trump responded with defiant rhetoric.

“Iran must immediately stop their highly paid PROXIES in Lebanon from causing trouble,” he wrote in a post on Truth Social, threatening “harder” strikes on Iran.

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