Trump says U.S. is very close to making a deal with Iran, how will $BTC react?
Bitcoin held steady around $75,000 on Friday as investors digested reports that the U.S.-Iran conflict could end as early as this weekend.
🔹Bitcoin price holds near $75K as Trump signals a potential U.S.-Iran deal, easing geopolitical tensions and lifting risk sentiment.
🔹A confirmed deal could trigger a breakout above $76K, opening the path toward $80K and potentially $90K amid short squeeze dynamics.
According to reports, U.S. President Donald Trump reiterated that the U.S. is close to coming to an agreement with Iran, potentially bringing a permanent end to the war between the two nations.
In a statement at the White House, Trump noted that the U.S. and Iran could be meeting in Pakistan’s capital, Islamabad, this weekend. While an extension of a two-week ceasefire remains on the table, Trump suggested that it may not be needed as Iran is ready to sign a deal.
“We’re going to see what happens. But I think we’re very close to making a deal with Iran,” Trump said.
The U.S. and Iran war has largely been driven by political tensions in the U.S. and has drawn significant criticism from the public ahead of the mid-term elections taking place soon.
🔹 Bitcoin price outlook
Risky assets such as cryptocurrencies were seen printing green at the time of writing. Bitcoin, the bellwether asset, climbed a little over $75,000 after paring off some profits earlier today.
The emergence of more concrete signs of peace between the U.S. and Iran has pushed the crypto fear and greed index into neutral territory, a sign that investor concerns surrounding geopolitical instability have finally faded.
If the U.S. reaches a formal agreement with Iran this weekend, Bitcoin could swiftly rally to $80,000, the next psychological resistance level, and then potentially aim towards its path to $90,000 by Sunday.
A look at the weekly Bitcoin liquidation heatmap shows a large cluster of short positions concentrated just above $76,000.
Bitcoin held steady around $75,000 on Friday as investors digested reports that the U.S.-Iran conflict could end as early as this weekend.
🔹Bitcoin price holds near $75K as Trump signals a potential U.S.-Iran deal, easing geopolitical tensions and lifting risk sentiment.
🔹A confirmed deal could trigger a breakout above $76K, opening the path toward $80K and potentially $90K amid short squeeze dynamics.
According to reports, U.S. President Donald Trump reiterated that the U.S. is close to coming to an agreement with Iran, potentially bringing a permanent end to the war between the two nations.
In a statement at the White House, Trump noted that the U.S. and Iran could be meeting in Pakistan’s capital, Islamabad, this weekend. While an extension of a two-week ceasefire remains on the table, Trump suggested that it may not be needed as Iran is ready to sign a deal.
“We’re going to see what happens. But I think we’re very close to making a deal with Iran,” Trump said.
The U.S. and Iran war has largely been driven by political tensions in the U.S. and has drawn significant criticism from the public ahead of the mid-term elections taking place soon.
🔹 Bitcoin price outlook
Risky assets such as cryptocurrencies were seen printing green at the time of writing. Bitcoin, the bellwether asset, climbed a little over $75,000 after paring off some profits earlier today.
The emergence of more concrete signs of peace between the U.S. and Iran has pushed the crypto fear and greed index into neutral territory, a sign that investor concerns surrounding geopolitical instability have finally faded.
If the U.S. reaches a formal agreement with Iran this weekend, Bitcoin could swiftly rally to $80,000, the next psychological resistance level, and then potentially aim towards its path to $90,000 by Sunday.
A look at the weekly Bitcoin liquidation heatmap shows a large cluster of short positions concentrated just above $76,000.