en.bitcoinsistemi.com
US President Donald Trump made important statements regarding a war with Iran. In his statement, he both hinted at a possible agreement and gave Iran two days to open the Strait of Hormuz.
At this point, Bitcoin ($BTC) surged above $70,000 yesterday on the possibility of a US-Iran deal. However, $BTC retreated to the $68,000 level today due to increased uncertainty as Trump’s two-day deadline expires. This erased most of the gains from the previous day, when $BTC briefly climbed above $70,000.
This decline occurred as volatility increased ahead of the negotiation deadline Trump set for Iran, with one analyst noting that the market is still in a wait-and-see phase and there is no clear direction.
Speaking to Bloomberg, $BTC Markets analyst Rachel Lucas stated that sentiment in Bitcoin remains bearish in the short to medium term, and the market is in a wait-and-see mode.
“While Bitcoin and the market lack sufficient resolve to extend gains, the downward movement hasn’t yet triggered a decisive breakout. In other words, the bulls don’t have enough strength to sustain a breakout, and the bears haven’t been able to cause a definitive decline either.”
Lucas also stated that the bull scenario in the Bitcoin and crypto market depends on two catalysts. The first is the US-Iran deal, and the second is the passage of the Clarity Act, one of the most important laws passed by the US.
“The bull scenario depends on two catalysts: firstly, a sustainable ceasefire agreement between the US and Iran, and secondly, oil prices falling below $100.”
The second is the possibility of the US Digital Asset Transparency Act (CLARITY Act) being passed by the end of April.
Institutional market participants are closely watching this law as a significant signal of regulatory loosening.
As is known, since the start of the war, oil prices have risen rapidly while gold has lost more than 10% of its value.
In contrast, Bitcoin has shown relative resilience. Since the beginning of March, Bitcoin has largely remained stuck between $65,000 and $75,000.
*This is not investment advice.