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Bitcoin nears $87,200 after US-Iran talks boost optimism; smaller bull cycle expected

Market News
23 Sep 2026
Blockonomi
View Source
Bullish
Bitcoin nears $87,200 after US-Iran talks boost optimism; smaller bull cycle expected

Bitcoin traded near $87,200 following US officials' positive meeting with Iran, sparking a 14% weekly price gain from $75,600. CryptoQuant founder Ki Young Ju predicts a more mature bull cycle with 3-5x gains, down from previous 10x rallies, citing stable MVRV ratios and reduced whale selling. Bitcoin futures open interest rose over 1% to $61.4 billion amid cautious trading ahead of Federal Reserve speeches. The ongoing US-Iran talks and potential easing of tensions remain key market drivers.

Bitcoin trades at Rp1.531.411.616 on Pluang as of Sep 23, 2026 16:31 WIB, showing a slight 0.13% decline in the last day. Despite the recent positive news on US-Iran talks boosting market sentiment, Pluang's order activity remains balanced with 54% buying and 46% selling. The typical hold time on Pluang is 110 days, indicating steady investor interest amid ongoing geopolitical developments.

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