Bitcoin recovery rests on US-Iran deal as momentum remains weak
Bitcoin’s rebound looks fragile because on-chain and market indicators remain weak despite a recent move back above $67,000. Analysts say declining volume, stagnant on-chain activity, weak price momentum, and low buying pressure suggest the recovery lacks conviction and could fade quickly. Bitcoin is trading closely with broader risk assets as institutions increase exposure, and its latest rise followed news of a US-Iran peace deal that could ease conflict and open the Strait of Hormuz. But much of that deal is still uncertain, and a breakdown could trigger geopolitical तनाव and oil shocks, creating volatility for BTC. Swissblock says momentum and on-balance volume are still in a “weak participation” regime, with both near bear-market lows. Until both turn positive, another retest of recent lows remains possible.
