Bitcoin's price surged past $65,000 on June 15 after oil prices plummeted to a two-month low following reports of a US-Iran peace agreement.
The move marked a nearly 10% gain from Bitcoin's June low and pushed the cryptocurrency above its 20-period and 50-period moving averages.
According to analyst Kamile Uray, the next major resistance sits near $67,500, with a successful break above that level potentially opening a path toward $74,000-$75,000.
The US-Iran peace agreement eased concerns over disruptions in the Strait of Hormuz, which had fueled inflation worries and raised questions about the Federal Reserve's response.