LVRG Research director Nick Ruck said Bitcoin could face a “volatile path” if a recently agreed peace deal between the US and Iran breaks down. According to Cointelegraph, Ruck linked the potential market reaction to the risk that the agreement could fail, which he suggested may lead to increased volatility for Bitcoin.
Ruck’s comments focused on the possibility that the peace deal may not hold and how that uncertainty could affect Bitcoin’s price behavior. The remarks did not include specific price targets or timelines, but emphasized that a breakdown in the agreement could contribute to a more unstable trading environment for the cryptocurrency. No additional details about the peace deal or broader market factors were provided in the report.