Bitcoin's next big move hinges on oil, and right now it's a total coin flip

What Happened

Bitcoin rebounded to $70,900 after the U.S. and Iran agreed to a two-week ceasefire, causing oil prices to drop 15% below $100 per barrel. Analysts suggest sustained oil weakness could enable Federal Reserve rate cuts, potentially pushing Bitcoin toward $80,000. However, the ceasefire has reportedly already unraveled following Israeli strikes in Lebanon and renewed tensions affecting Strait of Hormuz traffic, creating a binary outcome within two weeks.

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