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Bitcoin rebounds above $65K as oil prices drop amid Iran war pause, eyeing $70K resistance zone.

Technical Signals
27 Jul 2026
FXEmpire
View Source
Bullish
pluang ai news

Bitcoin climbed above $65,000 following a pause in the US-Iran conflict, which caused oil prices to fall sharply and eased inflation concerns. Lower oil prices reduced fears of aggressive Fed rate hikes, boosting risk appetite and supporting Bitcoin's recovery. If Bitcoin reclaims the 20-3 day EMA near $65,600, it could target the $69,000–$70,500 resistance zone, with a potential breakout pushing prices as high as $95,000 to $123,000. However, a drop below $54,000 would invalidate this bullish setup and risk a deeper correction.

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