Bitcoin fell as investors waited for clear signs of progress in the end of the Iran war.

As the initial optimism for a new round of talks between the US and Iran fades, Bitcoin has fallen slightly. With no agreement reached over the weekend talks between the US and Iran, investors are awaiting clearer signs of progress. The US has imposed a blockade on Iranian ports, and at the same time, reports from the media suggest that the US has deployed thousands of additional troops to the Middle East. David Morrison of Trade Nation said in a report that despite a slight pullback, the technical outlook for Bitcoin appears encouraging as its price approaches the upper range of recent levels. He said that if Bitcoin can continue to rise and break through $80,000, this could encourage new buying. Data from the London Stock Exchange Group shows that Bitcoin reached a 10-week high of $76,073 on Tuesday before falling 0.1% to $74,091.