Bitcoin's price rally has stalled below $76,000 as the initial surge following the U.S.-Iran ceasefire fades. Investors are now seeking tangible signs of economic normalization, particularly regarding oil flows through the Strait of Hormuz, which previously accounted for 20% of global oil supply. While optimism remains, with President Donald Trump indicating progress, actual negotiations to restore oil flows have seen limited advancement. QCP Capital noted that a mere ceasefire extension is insufficient; the markets require tangible progress such as reduced crude premia and clearer disinflation. Bitcoin's chart indicates a potential double-top resistance around $76,000, with a risk of a deeper decline if prices fall below $73,300. Meanwhile, traditional markets are showing signs of stability, with the MOVE index for U.S. Treasury note volatility declining, which is generally positive for risk assets. Traders are advised to monitor oil prices closely as they may signal broader market normalization.