Iran Ceasefire Disintegrates: Implications for Bitcoin Golden Cross
Trump’s unexpected update of a ceasefire between Iran and Israel sent 
BTC ▲3.71% soaring as a new Bitcoin golden cross emerges.
Following a dip below $99K, BTC surged almost 3.6% on this update, reaching over $106K before stabilizing at $105,400. Can this ceasefire endure, particularly with Trump and Israel advocating for regime change in Iran?
Additionally, there are conflicting reports regarding the authenticity of the ceasefire, with some Iranian officials disputing its validity.
Trump’s “Complete and Total Ceasefire”
On Monday, Trump posted on Truth Social proclaiming what he termed a “Complete and Total CEASEFIRE” between Israel and Iran, purportedly effective within six hours.
This news led to some confusion, but Reuters quickly verified that an Iranian official had signed it.
The market’s response was swift and significant, with stock futures rising, oil prices dropping by $10 within hours, and Bitcoin benefiting from the renewed risk appetite. War seems temporarily off the agenda.
However, it’s crucial to remember that the fundamental reasons behind this conflict still exist:
- The U.S. is pushing for regime change in Iran, as Trump has indicated.
- Israel has also called for regime alteration.
- Iran appears more united and resolved against the West.
Since these conditions remain unmet, it would not be surprising if this conflict resurfaces later this year… let’s hope not [Knocks on wood].
Bitcoin Golden Cross: Technical Price breakout Confirmed
BTC experienced a classic V-shaped recovery on Tuesday, breaking its consecutive days of decline with increased trading volume. The price floor remains firm at $102,800, with stronger backing around $101,800.
Price ceiling at $105,500 is intact for now, as many, including ourselves, remain uncertain about the future of the ceasefire. Nonetheless, a golden cross at $102,850 indicates that the bulls are in charge again, with both SMAs gaining momentum upward.
Bitcoin’s response highlights how closely tied crypto has become to global trends: geopolitics, market dynamics, and momentum are all interconnected.
What’s Next for BTC?
Bitcoin’s trajectory checks all the right boxes with a golden cross confirmed, ongoing recovery, and critical support at $102.8K being maintained. The pivot point is set at $105,500. Break through that level, and $106,500 could be next.
With the overall macroeconomic situation loosening, BTC’s potential for price breakout is becoming more favorable. The charts and global indicators are aligned in the same direction—for now.
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Key Takeaways
- After falling below $99K, BTC surged approximately 3.6% following the update, hitting a high just above $106K.
- With macroeconomic conditions easing, BTC’s prospects for gains grow stronger.
The post Iran Ceasefire Crumbles: What It Means for BTC Golden Cross appeared first on 99Bitcoins.
