Bitcoin nears $79K for highest weekly close since January amid US-Iran peace hopes.

Bitcoin's price approached $79,000, aiming for its highest weekly close since late January, driven by optimism over a potential US-Iran peace deal. Despite some skepticism from US political figures, strong inflows into Bitcoin ETFs and market consolidation suggest possible upward momentum toward $86,000-$94,000. However, some traders caution about liquidity traps that could trigger price reversals, indicating mixed short-term signals for investors.