Bitcoin Edges Lower as U.S.-Iran Cease-Fire Teeters — Market Talk
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Bitcoin falls slightly as a two-week cease-fire between the U.S. and Iran appears to be on shaky ground. Iran continued to fire missiles and drones at Arab countries in the Persian Gulf and Israel struck Lebanon. Iran told mediators it would limit the number of ships crossing the Strait of Hormuz and charge tolls in cryptocurrency or Chinese yuan. If the cease-fire doesn't hold, bitcoin could fall to $66,000, 21shares strategist Matt Mena says in a note. If the conflict ends, bitcoin could rise to $75,000 if it breaks above the resistance zone of $72,000-$73,000, he says. Bitcoin falls 0.6% to $70,944 after reaching a three-week high of $72,812 Wednesday, according to LSEG. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260409001581:0/
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