Bitcoin Reclaims $63K as Trump Comments Spark Relief Rally

Bitcoin's price rebounded after the US President Donald Trump's comments on Iran, allowing it to reclaim the $63,000 area. The shift in risk sentiment helped BTC/USD recover nearly 1.5% of its value, according to TradingView.

The relief rally was accompanied by short liquidations nearing $100 million over the past 24 hours, as reported by CoinGlass data. This indicates heavy leverage unwinds and a reduction in immediate downside pressure.

Traders are now focusing on whether BTC can hold key intraday levels into the daily close. Several traders mentioned that a daily close above $64,700 would be crucial to sustain the rebound, with Daan Crypto Trades arguing that it 'would flip the story' toward a larger relief rally.