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What Will Happen To Bitcoin Price In These 2 Weeks Of US-Iran Ceasefire

Bitcoin's recent surge above $70,000 is attributed to a geopolitical ceasefire, which has also positively impacted traditional markets and other cryptocurrencies, indicating a broader risk-on sentiment. Increased institutional inflows into US Spot Bitcoin ETFs, totaling $471 million, alongside positive derivatives market sentiment and the introduction of a new Bitcoin ETF by Morgan Stanley, suggest strong underlying demand supporting the price action. While technical indicators suggest trend continuation, Bitcoin's price trajectory towards $80,000 is contingent on the sustained geopolitical stability and the opening of the Strait of Hormuz, highlighting the sensitivity to external macro factors.

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