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The price of Bitcoin may soon test the $74,000 mark or drop below $65,000, according to analysts from the trading firm Wintermute.
The statement by U.S. President Donald Trump regarding negotiations with Iran has stabilized oil prices. This could lower inflation expectations and influence the reassessment of interest rates by major central banks, experts at Wintermute believe.
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An improvement in the transit situation through the Strait of Hormuz could drive Bitcoin’s price to $76,000, with the potential to rise to $80,000 due to increased demand from corporate investors. In this scenario, the positive trend of the leading cryptocurrency may persist for several weeks, according to trader experts.
In the event of negative developments—specifically, a breakdown in negotiations or the continuation of energy supply restrictions in the region—inflation risks are expected to remain elevated. Analysts suggest that this will heighten doubts about a near-term easing of monetary policy and could trigger a withdrawal of funds from high-risk assets. In such a case, Bitcoin may once again test the $65,000 level and remain around it for an indefinite period, concluded representatives of Wintermute.
Previously, analysts from VanEck indicated that despite Bitcoin stabilizing around the $70,000 mark, traders continue to exercise caution and are not exhibiting excessive activity.
