Trump Claims Iran Peace Deal Set for Signing

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Signing Timeline Dispute: Trump claims the Iran peace deal could be signed on Sunday, but Iranian officials dispute this timeline, suggesting it may occur in the coming days, which creates uncertainty in the market regarding the agreement's realization.
Importance of Hormuz Strait: The Strait of Hormuz is a critical route for 20% of global petroleum liquids consumption, and the potential reopening could ease energy pressures, impacting oil prices and global market risk appetite significantly.
Bitcoin Market Reaction: Analysts suggest that a confirmed peace deal could lead to a liquidity influx into Bitcoin and other risk assets, although current ETF outflows and market uncertainties keep traders cautious about immediate investments.
Market Dynamics Observation: Bitcoin traded near $64,213, despite facing $315.84 million in weekly net outflows, as market participants closely monitor developments in Hormuz and ETF demand to gauge short-term investment opportunities.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) 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 BTC 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, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	54059.829	56595.37	59691.689	62227.23	65323.549	67859.09	70955.409
Fibonacci	56595.37	58746.74	60075.859	62227.23	64378.6	65707.719	67859.09

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

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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