BTC rebounds on hopes of US-Iran deal, but trend reversal call is premature

Bitcoin has rebounded amid hopes for a deal between the U.S. and Iran, but it is too early to call this a trend reversal, according to an analysis by CoinDesk. The outlet explained that while Bitcoin has rallied about 4.7% over the past week, a true recovery phase requires a substantial increase in demand. This would need to be confirmed by stable inflows into ETFs and significant buying pressure, as well as signs that selling pressure from investors holding at a loss has considerably eased.