Bitcoin Price Tests $72K Resistance as Traders Hedge Against ‘Fragile’ Middle East Truce

Bitcoin price is sitting at $72,000 resistance, up 8% on the week, and the chart is telling two stories at once. The Iran-Israel truce gave traders a reason to cover shorts. It hasn’t given them a reason to go long with conviction. Bulls point to $411 million in April ETF inflows and rising open interest. Bears point to a two-week ceasefire window that Bybit’s chief market analyst Han Tan describes as sit…