King cryptocurrency unit exceeded 78 thousand dollars with the good news on Friday. Usually, fear was pumped up on Fridays and statements were made for the markets to recover on Monday, but today Trump is making announcements like crazy. The Strait of Hormuz has been opened and talks with Iran are progressing. Risk markets went crazy as oil crashed as we were likely to see a long-term deal on Sunday.
Bitcoin 78 thousand dollars
Exactly 73 days later, Bitcoin is in the area where the decline accelerated again and escaped from the channel where it lingered. We mentioned that BTC had very little time left in this channel, but many investors thought that this would not happen due to the influence of the news flow of that day. When the necessary conditions were met and fear was replaced by enthusiasm, Bitcoin He did what he had to do again. The rally was not surprising for us as the short liquidations accumulated in this region also served as fuel.
However, we may see some withdrawal with profit sales in the coming hours. If the liquidity hunting game of volatility starts again, the withdrawals will need to trigger larger increases. So this time volatility may favor the bulls.
While a short position of $206 million was liquidated in the last hour, the figure exceeded $659 million in 24 hours. The important headlines of the last 10 minutes are as follows:
- trump: Iran agrees to never close the Strait of Hormuz again – Truth Social.
- Trump: Iran admitted everything – NewsNation.
- The United States and Iran have made progress in negotiations on a three-page memorandum of understanding to end the war – Axios reporter reported on X, citing US officials and sources familiar with the matter.
- US Official: Trump receives regular updates from Pakistani negotiators on progress of Iran talks – CNN.
Trump raised hopes for the weekend by saying “it’s a great, wonderful day for the world.” Trump is in good spirits today, thanking Saudi Arabia, UAE, Qatar and Pakistan.
BTC The next target for the channel will be $80,447, which is the bottom of the previous channel, and then $86,800 and $97,800.
