Bitcoin (BTC) cooled from new 13-week highs at Wednesday’s Wall Street open amid mixed signals over a US-Iran peace deal.
Key points:
- Bitcoin stops short of tapping $83,000 as momentum becomes guided by geopolitical developments.
- Oil sees flash volatility around rumors of the Strait of Hormuz opening.
- Bitcoin trader sees a price reset to a $78,400 trend line.
Iran deal let-down sours Bitcoin’s attack on $83,000
Data from TradingView showed a new local peak for BTC/USD of $82,833 on Bitstamp.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
The pair made fresh gains amid reports of a 14-point ceasefire agreement potentially coming into effect — one that would include resumption of oil traffic through the Strait of Hormuz.
Hours later, however, US President Donald Trump said that…
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Source cointelegraph.com
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