Bitcoin Price Surges to $77K After Trump Announces Iran Peace Deal

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 20 hours ago

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Price Recovery: Bitcoin's price surged to $77,000 following President Trump's announcement of a 'largely negotiated' peace agreement with Iran, despite dipping below $75,000 earlier, reflecting market optimism over reduced geopolitical risks.
Market Volatility: Over $289 million in Bitcoin was liquidated in the past 24 hours, with prices rising 35.31% to $76,129.56, while the 7-day RSI at 68.33 indicates recovering momentum without being overbought, suggesting potential for further price movements.
Technical Analysis Warning: Analyst Financelot warns that Bitcoin could drop to $19,000 by October 2026, as the current descending pattern mirrors that of 2022, indicating a possible short-term price correction if the pattern holds.
Market Expectations: Despite the positive impact of the Iran peace deal, the market is likely to trade within the $75,500 to $77,100 range, with investors awaiting official confirmation and ETF inflows to determine future price direction.

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Technical Analysis for TRUMP

Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

OFFICIAL TRUMP (TRUMP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1.609	1.777	1.924	2.092	2.239	2.407	2.554
Fibonacci	1.777	1.897	1.971	2.092	2.212	2.286	2.407

About TRUMP

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About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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