According to CoinMeta, as Qatar revealed a draft agreement between the United States and Iran, the price of Bitcoin rebounded to around $64,000, with traders focusing on the key resistance level of $65,000. On Wednesday, Bitcoin's price rose to $64,000 in response to traders' reactions to diplomatic activities between the U.S. and Iran. Qatar stated that mediators were exchanging drafts aimed at restarting negotiations and alleviating tensions in the Strait of Hormuz. Bitcoin rebounded from its support range of $62,400 to $62,500 and approached $63,960 during trading hours. Nevertheless, Qatari officials warned that no final agreement or clear timeline had been confirmed yet. Bitcoin traded above $64,300, with the market approaching the $65,000 level. This rebound also made up for some of the losses incurred during previous declines. Buyers managed to maintain the price above $63,500 in subsequent trades, forming a higher low on the short-term candlestick chart. Bitcoin then entered a consolidation range of $63,500 to $64,000, with traders assessing the strength of the rebound. The current resistance level is near $64,000, and previous attempts to continue the rebound faced selling pressure. Confirming a break above this area could open the way for $65,000.