CryptoQuant: BTC could rebound to $81K if Iran conflict eases despite weak demand

CryptoQuant has projected that Bitcoin could rebound to between $71,500 and $81,200 in the short term if macroeconomic risks ease, even though demand remains severely contracted, The Block reports. The analytics firm noted that despite continued buying from some institutions, overall Bitcoin demand is still sluggish, with selling pressure still outweighing buying pressure. However, CryptoQuant suggested that a short-term price rebound is possible if macroeconomic conditions improve, particularly if the conflict between the U.S. and Iran de-escalates. The firm explained that the $71,500 to $81,200 range represents a key resistance level in a bear market.