Bitcoin is currently around $68,000 — but it’s unclear whether this is a real breakout or just a fake pump.

Talks between Iran and the U.S. are on hold. Iran has refused the U.S. request to reduce uranium enrichment. This is negative geopolitical news, and it could pressure the market.

If the daily candle closes below $60,000, the outlook turns bearish, with the next downside target around $57,000.

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