• Crypto traders discussed easing tensions with Iran and declining oil prices could ignite a wider rally in Bitcoin and risk assets this week.

• Analysts Michaël van de Poppe and Ted Pillows say Bitcoin’s strength above key support levels shows underlying market strength despite the conflict.

• That bullish thesis relies on oil going lower, with traders seeing lower energy prices as a tailwind for crypto.

Crypto analysts were positioning for a relief rally over the weekend on the view that the Iran war was finally winding down and oil prices would fall with it, but the diplomatic track pointed the other way.

Iran had held off on strikes, and the US hadn’t attacked for days, with Brent…