Bitcoin is once again approaching the 75K level, and everyone is starting to wake up. But before you start thinking about entering, it's worth analyzing what is really happening here.



On the international stage, an interesting dialogue is taking place between Iran and the United States regarding the nuclear program. Both sides are discussing suspending activities, with Iran proposing 5 years, and America wanting much longer. Nothing has been officially confirmed yet, but the markets are already reacting to the very fact of the talks. This is a classic scenario where positive narratives drive sentiment.

At the same time, reports are emerging that X is working on something related to the cryptocurrency ecosystem. Will it be a specific product or just exploration? Unknown. But it was enough for the market to get excited at the mere thought of it. You see how it works in crypto – first speculation, then reality.

Now, the key question is whether you should buy now? Honestly, no. I never recommend entering during a rise, especially when geopolitical uncertainties still loom on the horizon. The situation can change within hours.

From a technical perspective, I observe liquidity concentration in the 78K to 80K zone. If Bitcoin reaches there, don’t take it as a signal to get excited. It could be just a technical move without fundamentals. My forecast is that after touching this zone, a much larger correction could come, heading toward levels of 40K to 58K in the longer term.

All this upward movement looks more like a temporary reaction to news and hype rather than a solid trend. My advice is patience. Don’t chase the market. Let the price come to you, not the other way around. Sometimes waiting is the best trade you can make.
BTC-3.41%
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