$BTC Bitcoin pumped because a peace agreement between the USA and Iran was announced.



However, this doesn't change anything for Bitcoin when we look at the big picture.

The dump from 73k to 61k was so fast and powerful that I believe a V-shaped recovery is very unlikely here.

Instead, we'll probably get back into some kind of range in the upcoming days.

Still waiting to see how this whole thing is going to play out
BTC2.56%
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PineLiquidityPool
· 1h ago
Macroeconomic positives are the catalysts; technical analysis is the steering wheel.
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CatUnderTheNeonBridge
· 3h ago
This drop is too sharp, with a bunch of trapped positions. Let's wait and see.
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SnackFi
· 3h ago
I think it will fluctuate around 60k for a while.
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SoftRugDetective
· 3h ago
The gap from 61k to 73k can't be filled in a day; let's expect some fluctuation.
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OnchainComplainer
· 3h ago
With the momentum from dropping below 73k, the rebound also has to catch its breath.
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FeeTakerPhD
· 3h ago
Peace agreement ≠ bull market return, stay calm, brother
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ReflectionsOnTheStreetAfterThe
· 3h ago
Wait for a clear structure before taking action; for now, just observe.
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GateUser-fbbc916d
· 3h ago
Geopolitical easing benefits risk assets, but BTC has its own rhythm.
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RugproofGrandma
· 3h ago
Peace news can indeed rally a wave, but you're right, V's reversal is too difficult.
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