Bitcoin Touches $73,000... What's Next After US-Iran Negotiations?

▲ US, Iran, Bitcoin (BTC)/AI generated image

Market attention is focused on whether Bitcoin (BTC) will continue its short-term upward trend, reacting directly to geopolitical variables ahead of the start of high-level negotiations between the United States and Iran.

According to crypto media outlet Cryptopotato on April 11 (local time), the US delegation arrived in Islamabad, Pakistan, and is scheduled to begin face-to-face negotiations with the Iranian side. The US side is led by US Vice President JD Vance, with Steve Witkoff and Jared Kushner also participating in the negotiations. The Iranian side is led by Parliament Speaker Mohammad Bagher Ghalibaf.

The two countries had previously agreed to a two-week ceasefire. These negotiations are considered a watershed that could lead to a permanent peace agreement beyond a short-term ceasefire. US President Donald Trump raised expectations for de-escalation by stating that the Strait of Hormuz “will soon resume normally.” However, in reality, it has not yet reached a stage of complete normalization, with only limited vessels passing through.

Bitcoin prices reacted sensitively immediately after the ceasefire news was announced. The price, which was around $68,000 before the announcement, surged to near $73,000 in a short period. Although it underwent a short-term correction afterward, it temporarily surpassed $73,500 again, continuing its rebound. This is interpreted as a result of the expectation of geopolitical risk mitigation stimulating investor sentiment.

Market participants are closely watching the negotiation results. Analysis suggests that if the negotiations conclude successfully, risk asset preference sentiment will strengthen, potentially opening up room for further upside. Conversely, if negotiations are delayed or break down, increased volatility is inevitable. Indeed, the market has recently repeatedly shown rapid shifts in price direction depending on geopolitical issues.

The current trend is strongly linked to global political events, similar to traditional financial markets. As expectations for de-escalation in the Middle East grow, the inflow of funds into Bitcoin as a risk asset is becoming clearer. Until the negotiation results are confirmed, the market is expected to continue reacting sensitively to news flows. If this occurs, the market is closely watching the flow, emphasizing the possibility of Shiba Inu starting a full-fledged rally.

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