🟠 According to an analysis firm, Bitcoin (BTC) has re-entered an upward trend! How will the reopening of the Strait of Hormuz affect...

Despite ongoing tensions between the US and Iran in the Middle East, Bitcoin (BTC) remains resilient.
Although Bitcoin fell to the $70,000 level after the US and Iran's first weekend talks failed to produce results, it rose back above $74,000 after news of a second round of talks between the two countries being resumed.
It is still unclear whether this upward trend will continue, but crypto firm Wintermute shared their expectations.
Wintermute mainly reported that last week, Bitcoin and the crypto markets experienced two distinct phases: "In the first half of the week, the Nasdaq rose 4.5% on expectations of a ceasefire, Bitcoin increased by 2.6%, and the VIX index dropped below 20. In the second phase, over the weekend, talks in Islamabad stalled, and the US imposed a comprehensive naval blockade on Iranian ports. This caused Brent crude oil to surge 8% in a single day, breaking above $103, leading risk assets like Bitcoin to retrace."
On the macroeconomic front, March's US Consumer Price Index (CPI) data showed a year-over-year increase of 3.3%, with core CPI rising 2.6%. Wintermute analysts said these figures were slightly below expectations, and the market interpreted this as a temporary energy shock rather than a sustained inflation increase.
Based on this data, Wintermute analysts pointed out that although Bitcoin did not lead the rebound, it closed the week up 2.6%, indicating that the bull trend might continue.
Currently, analysts say that ceasefire trading is dead, and the market is now in an upward phase.
Analysts believe that the reopening of the Strait of Hormuz could push Bitcoin above $75,000, while ongoing tensions might keep prices in a narrow range and trending downward.