Bitcoin Holds $64K on Switzerland Diplomacy as Critical Levels Emerge

Bitcoin rebounded above $64,000 on June 21 amid renewed U.S.-Iran diplomacy in Switzerland, with price quoted at $64,107 before settling near $63,552. The move followed Vice President JD Vance's announcement that he would travel to Switzerland within days to restart talks involving Jared Kushner and Steve Witkoff, reversing earlier reports of stalled negotiations. Market sentiment improved as risk appetite returned, lifting BTC 1.63% on June 20, though lingering concerns over the Strait of Hormuz kept volatility elevated. Analysts noted the 200-week SMA support and a bullish 10/20 SMA crossover, with immediate resistance at $63,800-$64,000 and support near $61,650.