After Bitcoin (BTC) exceeded 76 thousand dollars yesterday, it fell back to the 74 thousand dollar limit due to the effect of the news flow and sales at resistance. Although it maintains $73,500 for now, negotiation talks are progressing slowly. WSJ pointed out that the process is progressing slowly despite regional pressure, and the Pakistani delegation is on the way.
US-Iran negotiations
Iranian According to the official agency, the Pakistani delegation set out for Iran to convey the US message and make plans for the second round of talks. Trump announced that he met with Pakistan Army Commander Munir yesterday while the article was being prepared. Although mediators in the region have pressed for an extension of the brief 2-week ceasefire, progress has been slow.
According to WSJ sources, an agreement in principle was reached.
“After the marathon peace talks in Islamabad ended without an agreement, officials stated that the USA and Iran agreed in principle on the meeting, but they have not yet decided on the date and place.”
The ceasefire declared on April 7 must be renewed by Tuesday and negotiations must continue in this way. This will probably be the case because there are so many issues that need to be agreed upon while time is running out. At the beginning of the week, we saw reports that the parties were willing to extend the ceasefire and continue the negotiations in this way.
Iran and Chinese The Foreign Ministers discussed the US negotiations in their meeting a few minutes ago. Trump constantly emphasizes limiting Asia’s access to oil in this process, implying that they should also take responsibility.
Bitcoin (BTC)
Stuck in the canal for over 70 days Bitcoin (BTC) It was the second time he had come this close to breaking. It is difficult to say that the test has failed yet because the key threshold of $ 72,716 is maintained. If the price can hold above this area, we can see green candles again and this time the resistance can be overcome.
However, in the opposite scenario, for example, if the ceasefire does not extend and attacks begin, Bitcoin can be expected to fall sharply and return to the base of $ 62,400. For now, ETH finds buyers at $2,300, reflecting limited appetite. Oil is at $94.8 and this price is hopeful about the future of the ceasefire. Therefore BTC price drop Although it is not as effective as the slow progress of the Iranian process, it can be reconciled with profit sales.
ETF flows reflect the appetite of institutional investors, with net inflows of $411 million seen yesterday, linked to hopes for a truce, as is the price of oil.
