Bitcoin is trading just above $66,000. The US and Iran have reached a memorandum of understanding to reopen the Strait of Hormuz, set to be signed this Friday. Oil is sliding, equities are up, and bitcoin is up around 2%. According to Nagham Hassan, Market Analyst at eToro, bitcoin finds itself suspended between three forces keeping a lid on price: a geopolitical backdrop where ceasefires keep being broken, a four-year cycle still pointing to a bear market phase, and a capital reallocation that is pulling institutional and retail attention toward ...