#Gate13周年现场直击 Will Bitcoin break through $80,000 next week?

News: On April 18th at 10:59, U.S. President Trump told reporters aboard Air Force One that if no agreement is reached with Iran by Wednesday, the war will restart. When asked if he is willing to extend the ceasefire agreement if it expires on Wednesday without an agreement, Trump replied: Maybe I won't extend the ceasefire, but the blockade will still continue, so the blockade still exists. Unfortunately, we will have to start dropping bombs again. Trump warned.
Latest news at 16:17 on April 18th, according to Iranian media, the Iranian military spokesperson said, "Due to the United States repeatedly breaking promises," control of the Strait of Hormuz has been restored to its previous state, and this strait is now under strict management and control by the Iranian armed forces.
Today’s news came quite suddenly; yesterday, there were reports that U.S.-Iran negotiations were progressing smoothly, the Strait of Hormuz was fully open, and Trump said on social media that the war was over. Then, following that news, crude oil plummeted by 10%, the Nasdaq rose for the 13th consecutive day to a new high, gold and silver surged, Bitcoin broke through $78,000, and Ethereum surpassed $2,460.
Who would have thought that today it suddenly changed again? Trump hinted that if no agreement is reached with Iran, the war will restart. Later in the afternoon, the Iranian military stated that, due to the U.S. breach of promises, control of the Strait of Hormuz has once again been taken over by Iran. After this news came out today, Bitcoin quickly fell below $77,000, and gold and silver also experienced a small retracement. Currently, the market remains a typical headline-driven market, with global financial sentiment revolving around the closure of the Strait of Hormuz.
Next, it depends on whether next week’s negotiations can reach a consensus. Continuing war between the U.S. and Iran is not beneficial for either side. Although Iran has regained control of the Strait of Hormuz, cutting off the global energy supply, the U.S. has also blockaded the strait. Middle Eastern oil cannot be shipped out, and Iran’s oil cannot be shipped out either. This is a case of mutual damage—harming the enemy by a thousand cuts, and oneself by eight hundred. Ultimately, the war will end, hopefully not taking too long.

Now, let’s look at the market:

Bitcoin, influenced by the U.S.-Iran ceasefire news last night, broke through $78,000. Next, it depends on how the ceasefire agreement expiring next Wednesday will be negotiated. If an agreement is reached, Bitcoin will surge past $80,000. If negotiations fail, it will be a major negative signal. How it rose recently will be how it falls back, possibly even a sharp decline to retest lows.
Mainstream coins also saw a coordinated surge last night, with most coins rising over 10%. It feels like the start of a bull market, but the good times didn’t last. Today, the market declined again, retracing part of last night’s gains. Currently, mainstream coins continue to move in tandem with the overall market, which is driven by the Middle East situation. If positive news comes out next week, mainstream coins could surge again.