Yesterday, new developments occurred shortly before the 48-hour deadline given to Iran by US President Donald Trump expired.
Trump stated that he had held productive talks with Iran and announced a five-day pause in attacks on Iranian energy infrastructure.
Following these announcements, oil prices experienced a sharp decline, while Bitcoin (BTC) and altcoin prices saw a sharp rise.
Bitcoin, which had fallen to around $68,000 yesterday, surged to $71,000 within minutes.
Despite denials from Iran, Bitcoin remained above $70,000 and retained most of its gains.
Major altcoins such as Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) showed a stronger recovery, rising by approximately 5%.
While the market attributes this rise to Trump’s five-day pause in attacks on Iran’s energy infrastructure, some analysts say this recovery should be interpreted cautiously.
The Direction of Bitcoin Depends on the Next Five Days!
Speaking to Coindesk, Wintermute analyst Jasper de Maere said that the direction Bitcoin and altcoins will move depends on the five-day deadline given by Trump.
“The macroeconomic ceiling has changed. Whether the rise will continue, or for how long, depends on the next five days.”
The analyst believes that if energy transportation through the Strait of Hormuz returns to normal and oil prices stabilize, inflation concerns will lessen, which could revive expectations for interest rate cuts and lead to further gains in Bitcoin.
In this scenario, Bitcoin may attempt to break through the $74,000-$76,000 resistance level.
Conversely, if the Strait of Hormuz remains closed, oil prices rise, and tensions between the US and Iran escalate, Bitcoin could fall to around $60,000 due to risk aversion.
*This is not investment advice.
