Analysis: Bitcoin falls back, further rebound prospects unclear.

David Morrison of Trade Nation stated in a report that Bitcoin has retreated from the near two-week high it reached on Monday after the United States and Iran reached a temporary peace agreement, and is currently trending downwards. However, Bitcoin has rebounded from its 20-month low of $59,125 reached on June 5. "Buyer interest has slowly picked up since touching lows earlier this month," he said. "But it is too early to judge whether Bitcoin can continue to move higher from this level." He noted that Bitcoin is currently facing resistance levels between $65,000 and $70,000. Data from the London Stock Exchange Group shows that Bitcoin has fallen by 1.5% to $64,767 after reaching a high of $67,241 on Monday.