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Guavy AI Editorial Team••Sentiment: 3•Clout: 70

Bitcoin Hits $60K As Iran's Ceasefire Collapses and AAVE Surges 19%

BTCAAVE

The global cryptocurrency market capitalization has reached $2.08 trillion, up by 1.53% over the last 24 hours, according to CoinMarketCap data.

Bitcoin (BTC) traded between $58,500 and $60,583 over the past day, with the current price at $60,415, up by 1.77%.

The 200-week Simple Moving Average (SMA) at around $63,500 has marked every major Bitcoin cycle bottom since 2015. If history repeats itself, this could be a significant accumulation window for long-term buyers.

A potential downside risk is a pullback to $54,000, or even as low as $40,000 in extreme scenarios.