Bitcoin returns to $64.3K with new 3-week BTC price highs imminent

COINTELEGRAPH · 2026-07-12

Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Bitcoin bulls keep upside momentum going as BTC/USD seeks a new multi-week record. Declining oil prices and US dollar strength contrast with crypto market rebound. $65,000 is now "crucial resistance" to be tackled, says analysis. Data from TradingView showed BTC/USD climbing above $64,000, coming within $400 of new three-week highs. BTC/USD four-hour chart. Source: Cointelegraph/ TradingView Amid ongoing hopes that the US-Iran peace deal could be salvaged, US WTI crude oil stayed lower after rejecting from $76 per barrel. CFDs on US WTI crude oil one-day chart. Source: Cointelegraph/TradingView US dollar strength fell for a third straight day, with the US dollar index (DXY) approaching its lowest figures since mid-June. US dollar index (DXY) one-day chart. Source: Cointelegraph/TradingView Commenting on the current macro landscape, trading company QCP Capital warned that risks to economies were still growing. It specifically highlighted the US Strategic Petroleum Reserve (SPR). “With no monetary cushion coming, the physical buffers matter more. In oil, Doha talks ended with no shipping deal and missiles struck two tankers on 7 July, with Hormuz flows still well below normal,” it wrote about recent Iran events. US SPR one-week chart. Source: Cointelegraph/TradingView QCP added that recent BTC sales by business intelligence company Strategy showed that the instability had spread to crypto. “It’s clearest in private credit, where redemption requests have blown through the 5% quarterly gates across several funds,” it added. More optimistic on the longer-term outlook, trading resource The Kobeissi Letter noted that the odds of US inflation passing 4.5% in 2026 had fallen below 20%. Related: Bitcoin ETFs end 'most overwhelming' $2.7B sell-off amid new $85M net outflow “Just 7 weeks ago, there was an 85% chance of inflation rising above 4.5% this year,” it wrote in an X post on Thursday alongside data from prediction service Polymarket. Continuing, crypto trader and analyst Michaël van de Poppe noted the oil-price trend as one key factor for “a lot of upside” across markets. “The markets look better day after day,” he told X followers on Friday.

AI 시장 분석

Bitcoin (BTC) has recovered to its 3-week high of $64.3K and is likely to break new 3-week highs in the near future. This is expected to cause fluctuations in the prices of Bitcoin (BTC), electric vehicles, crude oil, and the US dollar. The prices of Bitcoin (BTC) and electric vehicles are expected to rise, while the prices of crude oil and the US dollar are expected to fall. In the near future, the outlook is for the price of Bitcoin (BTC) to rise, while the prices of crude oil and the US dollar are expected to fall.

상승 영향

Bitcoin — Bitcoin (BTC) has recovered to its 3-week high of $64.3K and is likely to break new 3-week highs in the near future. This is expected to cause the price of Bitcoin (BTC) to rise, and investors should consider investing in Bitcoin (BTC).
Electric Vehicles — The price rise of Bitcoin (BTC) is expected to induce a price rise in electric vehicles. This is expected to increase demand for electric vehicles, and investors should consider investing in electric vehicles.

하락 영향

Crude Oil — The price of crude oil is expected to fall. This is expected to be caused by the decrease in demand for crude oil due to the price rise of Bitcoin (BTC) and the US-Iran peace agreement. Investors should avoid investing in crude oil.
US Dollar — The price of the US dollar is expected to fall. This is expected to be caused by the decrease in demand for the US dollar due to the price rise of Bitcoin (BTC) and the US-Iran peace agreement. Investors should avoid investing in the US dollar.

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