1 week ago
15
Key Takeaways:
- BTC dropped to $74,500 Saturday before recovering above $77,000 within hours.
- Trump announced a “largely negotiated” agreement with Iran that includes reopening the Strait of Hormuz.
- Price rebounded exactly from the 0.382 Fibonacci level at $74,125 – a critical technical support zone.
- $328.97M in liquidations on the day – $190M longs, $138.97M shorts.
Bitcoin fell sharply to $74,500 on Saturday before recovering above $77,000, after Donald Trump posted on Truth Social that the United States and Iran had “largely negotiated” a Memorandum of Understanding on peace – one that includes reopening the Strait of Hormuz. The announcement followed a call from the Oval Office involving leaders from Saudi Arabia, UAE, Qatar, Egypt, Jordan, Bahrain, Pakistan, and Turkey, with a separate call to Israeli Prime Minister Netanyahu described by Trump as also go...
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