Saxo Bank: Bitcoin is difficult to find its direction after the US-Iran agreement

As investors wait for the details of the interim peace agreement between the United States and Iran to become clear, Bitcoin struggles to find its way. Analysts at Saxo Bank said in a note: "The interim agreement is scheduled to be signed in Switzerland on Friday, although the unpublished text of the memorandum makes investors cautious. "They said that despite improved market sentiment for risky assets, including digital assets, spot bitcoin exchange-traded funds recorded net outflows for the fifth consecutive week. Investors are still looking forward to Wednesday's Fed policy decision. According to data from the London Stock Exchange Group, Bitcoin is now flat at $66,491 after hitting a 12-day high of $67,241 on Monday. It has rebounded slightly from a 20-month low of $59,125 hit on June 5.