Bitcoin is experiencing a relief rally but encounters selling pressure near $72,000. Analysts suggest a potential final shakeout below $60,000 may still occur.
Bitcoin has risen above $72,000 following a ceasefire agreement between the US and Iran, although it has not closed above this level. Technical charts indicate a bullish bias, with buyers maintaining their positions against selling pressure. Several major altcoins are showing early signs of buying, but a trend change is not yet confirmed.