Bitcoin Price Climbs Toward $75,000 as US-Iran Strait of Hormuz Tensions Trigger Short Squeeze

21 hours ago

Key Takeaways:Trump’s Monday Truth Social statemen

Bitcoin Price Climbs Toward ,000 as US-Iran Strait of Hormuz Tensions Trigger Short Squeeze

Bitcoin Price Climbs Toward $75,000 as US-Iran Strait of Hormuz Tensions Trigger Short Squeeze

Key Takeaways:

Trump’s Monday Truth Social statement.
BTC
Bitcoin

Bitcoin Shrugs off Strait of Hormuz Blockade to Hit $72,629 Intraday High

Bitcoin.com News

Bitcoin.com News

Bitcoin Shrugs off Strait of Hormuz Blockade to Hit $72,629 Intraday High

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Bitcoin staged a market-defying recovery on Monday, April 13, rising to an intraday high of $72,629 shortly after reclaiming the…

At current prices at 7:30 p.m. ET, bitcoin sits roughly 40% below its 2025 peak at $74,766 per unit. Analyst targets for year-end 2026 range from a conservative base near $75,000 to more optimistic projections above $100,000 if inflation cools and the macro backdrop improves.

Traders are watching the $70,000 support level overnight and the $75,000 resistance band as the most immediate signposts for where bitcoin heads next.

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