Bitcoin Fails to Hold $82.8K High as US-Iran Tensions Return

• Bitcoin failed to reclaim $83,000 after a new $82,833 high as war tensions hit BTC hard.
• A reported US-Iran peace deal briefly lifted BTC before Trump’s warning erased optimism.
• Iranian doubts, oil swings, and $80,100-$78,200 BTC levels kept traders watching moves.

Bitcoin failed to return to $83,000 after US-Iran war tensions took control of crypto market sentiment. Bitcoin lost momentum after reaching a new 13-week high on Wednesday. Traders reacted to conflicting signals around a possible US-Iran peace deal.

Data from TradingView showed Bitcoin reaching a new local peak of $82,833. The move came during Wednesday’s Wall Street open, before the price lost strength.

BTC first rose after reports pointed to a possible 14-point ceasefire deal, including renewed oil traffic through the Strait of Hormuz. The news briefly lifted sentiment as hopes grew that conflict pressure could ease.

Trump Warning Deepens US-Iran Deal Uncertainty

That optimism faded hours later. In a Truth Social post, Trump said the conflict could end, though he called Iran’s acceptance of the agreed terms a “big assumption.” He said “Epic Fury” would end, and the Strait of Hormuz would remain open to all, including Iran.

However, Trump said that the outcome depended on Iran’s agreement. He warned that if Tehran rejected the terms, bombing would restart at a much higher level and intensity.

However, Ebrahim Rezaei, spokesperson for Iran’s parliament foreign policy and national security committee, said the Axios text was more of an American wish list than reality.

Rezaei highlighted that the United States would not gain through war what it had failed to gain in face-to-face talks. However, Iran’s Tasnim news agency also said Tehran had not responded to the latest US proposal.

Iran reportedly viewed parts of the draft as unacceptable. Tehran also rejected threats as ineffective. The report cited an unnamed source that such language could worsen the situation for the United States. 

BTC Downside Levels Draw Attention

Bitcoin reacted by giving back its earlier upside. BTC traded near $81,500 at the time of writing. The move still left Bitcoin up around 0.14% over the past day. 

Oil markets also turned volatile as the same headlines moved across markets. WTI dropped more than 10% within hours before rebounding to $96 per barrel. The Strait of Hormuz remained central to the market reaction. 

Crypto analyst Daan Crypto Trades identified $80,100 and $78,200 as key downside levels to watch. These zones could become important if Bitcoin moves lower.

Source: X

Bitcoin remained sensitive to US-Iran war tensions and Iran’s response to the reported proposal. Traders also watched whether the US-Iran peace deal could gain clearer support.

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