Bitcoin liquidity hunts persist at $77K as Iran deal doubts weigh

Bitcoin continues to trade in a tight range near $77,000, with repeated price spikes to $78,000 failing to trigger a sustained breakout. The moves are being described as liquidity hunts, where price rapidly sweeps above or below key levels to trigger stop-losses before reversing. Meanwhile, fresh doubts over a potential Iran peace deal are adding to macro uncertainty, keeping risk assets on edge.

For cryptocurrency traders, the inability of Bitcoin to follow US equities higher highlights the current dominance of range-bound dynamics. Each spike above $78,000 has been met with selling pressure, suggesting that large players are using these moves to accumulate or distribute positions. On-chain data shows exchange reserves remain low, but the lack of directional momentum points to a market waiting for a catalyst. Live crypto prices and charts on NowPrice show Bitcoin struggling to hold above $77,500, with altcoins also tracking the sideways action.

Looking ahead, traders will watch for any headlines on Iran negotiations, as a breakthrough could boost risk appetite, while a breakdown would likely fuel safe-haven demand. On the technical side, a close above $78,500 would signal strength, while a break below $76,000 could trigger a deeper correction. The coming days may see continued volatility as the market digests macro and geopolitical developments.