Bitcoin rebounds to $76k, with Trump extending the Iran ceasefire to ease geopolitical pressure temporarily

U.S. President Trump announced on April 22 that the Iran ceasefire deadline will be extended. At the request of Pakistan’s Army Chief of Staff and prime minister, the U.S. will wait for Iran to submit a unified proposal before moving forward, while continuing to maintain a naval blockade and stay on heightened alert. Iran refused to take part in the next round of talks scheduled in Islamabad, and the Strait of Hormuz was closed again. Bitcoin rebounded to $76,000, and analyst DonAlt sees this as a key early warning level for gauging the outlook for the next phase.

A diplomatic turning point in Trump’s ceasefire extension: from hardline readiness to waiting for a unified proposal

Earlier on April 22, when Trump was being interviewed, he also said he did not want to extend the ceasefire, adding that if an agreement could not be reached, the U.S. military was “ready” to strike Iran. Only a few hours later, Trump announced an extension. The media, including the Associated Press and The Washington Post, pointed out that this happened after the prospects for negotiations deteriorated sharply.

Iran’s key reason for refusing to attend the talks is that Tehran accuses the U.S. of violating the ten-point framework formed through Pakistan’s mediation, and raised demands that go beyond the framework during the first round of talks in Islamabad. Iran said that attending under current conditions would be “a waste of time.” Its nuclear enrichment capability and missile programs are domestic matters for Iran and it does not accept any outside interference. Vice President Vance’s previously planned trip to lead a delegation to Pakistan was also canceled.

The Strait of Hormuz closes again: energy markets’ volatility weighing on oil prices

The semi-official Tasnim news agency linked to Iran’s Islamic Revolutionary Guard Corps announced that the Strait of Hormuz will be closed until further notice, citing the U.S. continued to detain ships related to Iran (including the oil tanker M/T Tifani). Under normal circumstances, the Strait of Hormuz processes about 21 million barrels of oil per day, accounting for around 20% of global supply. The closure has triggered a force majeure declaration, and Brent crude fell to around $95 per barrel.

Notably, data from the U.S. Treasury shows that in 2025 foreign investors continued to buy a record $1.55 trillion worth of U.S. financial assets, indicating that global capital still views the U.S. as a core safe haven. Geopolitical tensions and capital flows are sharply at odds.

Bitcoin technical analysis: the two-way implications of the early warning level at $76,000

Analyst DonAlt noted that $76,000 represents last month’s high and is the first test of whether the current breakout can sustain. Falling below this level will not end the uptrend, but it signals early weakness. The weekly opening price is positioned at $70,000, representing the starting point of the entire rally; falling below this level means the rally’s momentum is completely gone.

On the upward path, $82,000 on the monthly chart is the next resistance level, with resistance expected to be smaller. After that, the market enters a consolidation range of $86,000 to $94,000, while $95,000 is the potential profit-taking target level analysts recommend.

Frequently Asked Questions

What are the specific conditions for Trump to extend the ceasefire, and what does it mean for the market?

Trump said the precondition for extending the ceasefire is waiting for the Iranian government to submit a “unified proposal” and complete the related consultations, while the U.S. military maintains its blockade at the same time. Market interpretation is that the likelihood of a direct escalation of conflict in the short term has decreased, but the diplomatic outlook is highly uncertain. Any sign that talks with Iran fail or that the U.S. military takes new action could quickly reverse risk-asset sentiment.

How does the Strait of Hormuz closing again affect the crypto market?

The Strait’s closure pushes oil prices higher, intensifying inflation expectations, which creates downward pressure on risk assets—including Bitcoin. Historically, sharp swings in energy prices have often come with rising volatility in crypto markets, especially during periods when the market focuses on the Federal Reserve’s policy direction.

How do Bitcoin analysts interpret the technical significance of $76,000?

DonAlt defines $76,000 as an “early warning level”—breaking below it suggests short-term momentum is weakening but does not end the uptrend. The most critical support is at $70,000; breaking below it means the momentum behind the entire rally is lost. To move upward, price needs to break above $82,000 to open the path toward $95,000.