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Bitcoin's near-term recovery looks uncertain, with $BTC's trajectory now closely tied to the durability of a recently agreed peace deal between the United States and Iran.
Nick Ruck, research director at LVRG Research, warns that if that diplomatic agreement collapses, Bitcoin could face a "volatile path" ahead.
Momentum in the market, he notes, remains weak — leaving the asset with little cushion against a fresh geopolitical shock.
Why a US-Iran Deal Moves Bitcoin Geopolitical risk is a macro variable, meaning it affects the broad appetite investors have for assets they consider speculative or high-volatility — and Bitcoin consistently lands in that category during periods of uncertainty.
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