Bitcoin's price remains above the important support level of $72,000 today, April 10, as talks between Iran and the United States begin in Pakistan. However, there are still risks that the recently announced ceasefire may not hold, as JPMorgan issued a stern warning that the ceasefire between the U.S. and Iran could be at risk.

Bitcoin's price has maintained stability above the key support level of $70,000, supported by the recent ceasefire announcement between the U.S. and Iran, which ended the war. Fully ending the war is considered highly positive for Bitcoin and other cryptocurrencies, as it would lead to lower inflation and higher asset prices.

Nevertheless, the main risk lies in the possibility that the ceasefire may not continue, due to ongoing fundamental concerns. For example, the U.S. is worried about continued sanctions on the Strait of Hormuz, while Israel is pressuring the U.S. to end the ceasefire. The U.S. also continues to bolster its military presence in the Middle East.

Analysts at JPMorgan warned in a report that abandoning the ceasefire could lead to a surge in crude oil prices to new record highs and a sharp decline in the stock market to new lows. Oil prices jumped to nearly $120 amid ongoing conflict, then retreated to $95. A survey by Calshi estimates that West Texas Intermediate crude could rise to $130 and above this year.

Rising crude oil prices will lead to higher consumer prices, making it more difficult for the Federal Reserve to cut interest rates as it has been pressured to do.