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Bitcoin Price Surges to $87,200 After Trump Reports 'Very Good' Iran Meeting

Guavy AI Editorial Team
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BTC
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Bitcoin's price hovered near $87,200 on Wednesday after US President Donald Trump reported a 'very good' meeting with Iranian representatives.

The price has climbed about 14% over the past seven days, according to CoinGecko, from around $75,600 on September 15.

CryptoQuant founder Ki Young Ju expects this bull cycle to bring a more modest gain of three to five times rather than the usual tenfold rally.

Ju pointed out that Bitcoin's MVRV ratio has stayed above one throughout the cycle, and older whales have stopped selling, while futures whales built large long positions near the recent bottom.

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