Bitcoin It continues to close above 80 thousand dollars. There is no major activity on the Iranian front, and this has allowed cryptocurrencies to breathe a little easier. As a weekend classic, volumes have decreased considerably. So what is the latest situation in the market in general? What are the expectations?
Iran latest situation
cryptocurrencies Iran has been on the top of the agenda for months and the news flow on this subject directly affects the price charts. On Friday, the strengthening of the labor market weakened the BTC price and the US carried out a limited attack on Iran. Since there was no continuation of this over the weekend BTC It can protect 80 thousand dollars.
There are still reports that the US and Iran are working on a negotiating framework to end the conflict. While the US was waiting for a response to the latest offer, the Treasury Department shared a new announcement on Saturday;
“We are ready to take economic measures against Iran’s military industrial enterprises. We may impose secondary sanctions on foreign banks that assist Iran, including independent oil refineries with Chinese ties.”
While Trump said yesterday, “We expect a response from Iran soon,” Putin said at the same time, “I hope the conflict in Iran will end as soon as possible.” What about negotiations? Although the second session of the talks has not started yet, communication is always active thanks to intermediaries. Additionally, Rubio and Witkoff met with the Prime Minister of Qatar in Miami on Saturday. This is thought to be part of efforts to end the war in Iran.
Bitcoin and cryptocurrencies
Trump has been calmer towards Iran for some time now, implying that the deal is now about to be signed. BTC regained the important support level at $80,400 before turning into resistance. Even though ETH remains above $2,300, we have not seen an upward move yet. Stuck in the thousand dollar range BTC It may fluctuate depending on the news flow in the coming hours.
The $81,261 and $83,540 levels will be the acceleration areas to watch in the possible BTC return. Then the price may move up to the range of 88-96 thousand dollars. The important thing is that BTC regains the channel it broke in January, just as it gradually decreased and bottomed out, now it is possible to return in the same scenario.
