Bitcoin rallied in tandem with stock markets as the US and Iran finally agreed to a peace deal, but it’s too early to suggest the crypto bear trend is over.

Bitcoin price analysis sees multiple bullish setups forming as a US-Iran peace deal which will open the Strait of Hormuz deadline arrives.

The US and Iran agreed on a peace deal framework, sending Bitcoin past $64,000 as markets price in reduced geopolitical risk and ETF inflows accelerate.