Trump’s surprise ceasefire announcement between Iran and Israel sent BTC ▲0.87% flying with a new Bitcoin golden cross forming.
After dipping below $99K, BTC jumped nearly 3.6% on the news, peaking over $106K before leveling at $105,400. Will this ceasefire stand, especially when Trump and Israel called for regime change in Iran?
Moreover, conflicting reports remain whether the ceasefire is real, with some Iranian officials denying its legitimacy.
Trump’s “Complete and Total Ceasefire”
Trump took to Truth Social on Monday with an all-caps delivery of alleged peace in the Middle East: a “Complete and Total CEASEFIRE” between Israel and Iran, set to begin in six hours.
Confusion followed, but Reuters soon confirmed an Iranian official had signed on.
The market reaction was fast and decisive, with stock futures up, oil down $10 in hours, and Bitcoin riding the risk-on rebound. War is off the table for now.
It’s important to keep in mind, however, that the underlying motivations of what started this war are still there:
- America called for regime change in Iran, as confirmed by Trump.
- Israel has called for regime change.
- Iran is now unified and galvanized against the West.
None of these motivations have been realized, so don’t be surprised if this isn’t the last we hear of this conflict this year… hopefully not [Knocks on wood].
Bitcoin Golden Cross: Technical Breakout Confirmed
Bitcoin staged a textbook V-shaped recovery on Tuesday, snapping its multi-day slide with rising volume. Support is holding at $102,800, with deeper footing near $101,800.
Resistance at $105,500 is holding for now as many, like us, are unsure if the ceasefire will hold. However, a golden cross at $102,850 confirms bulls are back in control, with both SMAs now sloping upward.
Bitcoin’s reaction underscores how tightly crypto now moves with the broader global machine: geopolitics, markets, momentum, all tied together.
What’s Next for Bitcoin?
Bitcoin’s setup checks the right boxes with a golden cross in place, recovery intact, and key support at $102.8K holding. The $105,500 mark remains the pivot. Break that, and $106,500 comes into view.
With the macro backdrop softening, BTC’s upside case gets stronger. The chart and the world both point the same way—for now.
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
- After dipping below $99K, BTC jumped nearly 3.6% on the news, peaking just over $106K .
- With the macro backdrop softening, BTC’s upside case gets stronger
The post Iran Ceasefire Crumbles: What It Means for Bitcoin Golden Cross appeared first on 99Bitcoins.
