Bitcoin, is the dip an opportunity?...'Shaken' by Trump-Iran peace proposal

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Bitcoin (BTC) has entered a temporary correction phase, giving up the $77,000 mark due to profit-taking following the easing of geopolitical tensions.

According to a report by virtual asset media outlet Benzinga on April 28 (local time), the market is focusing on digesting the Trump administration's Iran peace agenda. As U.S. President Donald Trump made a new proposal, risk asset preference sentiment changed. Major coin prices, including Bitcoin and Ethereum (ETH), all showed weakness. It is interpreted that short-term profit-taking sales poured out as geopolitical risk factors, which had been reflected in prices, were resolved.

Crypto analyst Rex-Osprey diagnosed this decline as a healthy correction, explaining that it is an essential process that occurs before a large-scale rally. Osprey analyzed that Bitcoin still maintains an upward bias. Currently, Bitcoin has established very strong technical support. This correction is expected to be an opportunity to calm overheated sentiment and condense energy.

Ethereum and XRP also declined, following Bitcoin's trend. For Ethereum, whether the $2,300 support line is maintained will be a watershed in determining its future direction. For XRP, buyers and sellers are fiercely clashing around the $1.4 mark. Dogecoin (DOGE) also temporarily retreated after recapturing $0.1. The recovery speed of altcoins depends on whether Bitcoin firmly establishes its support level.

Experts analyze that the impact of the Trump administration's foreign policy changes on the market is complex. Reduced war risk may somewhat diminish Bitcoin's appeal as a safe-haven asset. However, the resumption of economic activity is a positive factor that injects vitality into the overall virtual asset ecosystem. Benzinga cited on-chain data indicating that institutional investors are using the current price decline as an opportunity to buy the dip. The market's underlying strength remains solid.

The virtual asset market is expected to focus on supply and demand data again after digesting geopolitical news. Fund inflows through Bitcoin spot ETFs continue steadily. The deepening supply shortage after the halving also supports a strong bullish outlook. Investors are using the volatility of the last week of April as an opportunity for risk management. The dominant assessment is that the mid-to-long-term bullish perspective remains valid.

*Disclaimer: This article is for investment reference only and is not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*