Bitcoin has moved back above $83,000 as reports emerge that the United States and Iran have given preliminary approval to a peace proposal mediated by Qatar and Pakistan. according to sources cited by Al-Araby Al-Jadeed, both sides have given initial backing to a compromise plan. The reported terms include confidential IAEA inspections of Iranian nuclear sites and a partial release of roughly $6 billion in Iranian funds frozen in Qatar. Neither Washington nor Tehran has issued an official confirmation. the move in $BTC comes as oil prices have eased and risk assets have responded to the latest round of mediation. Bitcoin was trading near $82,000 earlier in the week and has pushed above $83,000 on the reports. Previous statements from both sides have moved markets before, including when the White House ruled out strikes ahead of the midterms. the reports remain preliminary. Details of the proposal and the extent of any agreement are still limited, and past mediation efforts have stalled. The price reaction shows the market is watching the diplomatic track. It does not confirm that a final deal is in place. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# $BTC $ETH