Bitcoin rebounds above $81K as US-Iran peace talks boost risk appetite and oil prices fall.

Bitcoin price climbed back above $81,000 following Iran's review of a US-backed peace proposal aimed at ending the conflict and reopening the Strait of Hormuz. This development led to a third consecutive day of declining oil prices, which in turn improved investor risk sentiment and supported gains in crypto markets. Technical indicators like the Supertrend and MACD suggest continued bullish momentum, with traders eyeing resistance around $84,000 to $85,000. However, the $80,000 level remains a key support to watch amid ongoing geopolitical uncertainties.