Bitcoin price recovers as Trump eases Iran fears, can BTC hold $82K?
Bitcoin rebounded above $82,000 after Trump said the United States would not attack Iran before the Nov. 3 midterm elections. The move came after Bitcoin had been near $80,300, while oil prices also eased, and ETF outflows plus weak technical indicators were still part of the backdrop.
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Bitcoin holders and traders noticed the move back above $82,000 after a drop to about $80,300, and oil markets also moved lower at the same time. The immediate effect was a sharper rebound in the spot price, which is what users saw by the next session.
Before this move, Bitcoin had been trading under the $82,000 level, and that level was again back in view after the rebound. The practical change is that the price crossed a line it had not held, while ETF outflows and weak technical indicators were still present in the background.
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