Bitcoin slips back to $80,000 after reaching $82,700 on US-Iran deal optimism; $242 million short squeeze fueled rally
Bitcoin surged to $82,700 on optimism surrounding a US-Iran deal, which eased energy market concerns. However, it retreated to $80,000 as doubts emerged. Analysts note strong spot demand and institutional support, with Bitcoin dominance rising. Key levels to watch include $80,500 and a CME gap near $93,000.
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