Bitcoin fades three-week highs as BTC price shrugs off Iran war ceasefire

Bitcoin briefly reclaimed $72,000 on ceasefire news, but fading momentum, resistance and macro risks leave traders questioning the strength of the breakout.

Bitcoin (BTC) briefly hit new three-week highs into Wednesday’s Wall Street open as stocks surged on a US-Iran ceasefire.

Key points:

Bitcoin hits new three-week highs before round-tripping its gains.

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