Bitcoin price climbs above $64K ahead of expected Iran deal

Bitcoin traded near $64,270 on Aug. 5, gaining less than 1% as record equity markets and falling oil prices failed to produce a broad crypto rally. Summary Bitcoin price held above $64,000 while record global equities and cheaper oil failed to spark momentum. Brent fell near $78.50 as traders awaited a possible U.S., Iran, and Oman shipping agreement. Bitcoin must close above $64,300 on four hour charts to confirm analyst Ali Martinez’s breakout. Bollinger Bands place immediate resistance near $66,285 and range support around $62,524 for Bitcoin traders. U.S. spot Bitcoin ETFs drew $19.6 million Tuesday, but recent outflows still weighed on demand. The largest cryptocurrency remained roughly flat over seven days and about 49% below its October 2025 record above $126,000. Ether and XRP weakened, while BNB and Hyperliquid’s HYPE outperformed among major tokens. The restrained response contrasted with global stocks, where the S&P 500 and Dow closed at records and Asian technology shares rose sharply on strong AI related earnings. Bitcoin price sits out the latest risk rally Reuters reported that Japan’s Nikkei gained 3.5%, South Korea’s benchmark rose 4.3%, and an MSCI Asia Pacifi...