Bitcoin hit a new 13-week high of $82,833 during Wednesday’s Wall Street open, but the rally quickly faded as renewed US-Iran tensions took control of market sentiment. The price failed to return to $83,000 and slipped back, leaving traders reacting to conflicting signals around a possible ceasefire deal.
Data from TradingView showed the brief spike to $82,833 before Bitcoin lost strength. The move initially came after reports of a possible 14-point ceasefire deal, which included the resumption of oil traffic through the Strait of Hormuz. The news briefly lifted hopes that conflict pressure could ease, but the optimism was short-lived.
Trump’s Warning Adds Uncertainty
Hours after the initial rally, US President Donald Trump posted on Truth Social that while the conflict could end, he called Iran’s acceptance of the agreed terms a “big assumption.” He said “Epic Fury” would end and the Strait of Hormuz would remain open to all, including Iran. But Trump warned that if Tehran rejected the terms, bombing would restart at a much higher level and intensity.
Adding to the confusion, Ebrahim Rezaei, spokesperson for Iran’s parliament foreign policy and national security committee, told local media that the Axios text was more of an American wish list than reality. Rezaei highlighted that the United States would not gain through war what it had failed to gain in face-to-face talks. Meanwhile, Iran’s Tasnim news agency reported that Tehran had not responded to the latest US proposal, and parts of the draft were seen as unacceptable.
The mixed messages hit Bitcoin hard. By the time of writing, $BTC traded near $81,500, still up roughly 0.14% over the past day, but far from the earlier highs.
Oil Volatility and Key Levels
Oil markets also turned volatile as the same headlines moved across asset classes. West Texas Intermediate (WTI) crude dropped more than 10% within hours before rebounding to $96 per barrel. The Strait of Hormuz remained central to the market reaction, given its importance for global energy flows.
Crypto analyst Daan Crypto Trades flagged $80,100 and $78,200 as key downside levels to watch. These zones could become important if Bitcoin moves lower amid ongoing geopolitical uncertainty.
Bitcoin remains highly sensitive to US-Iran war tensions and Iran’s response to the reported proposal. Traders are now watching for any clearer signs of a US-Iran peace deal, but for now, the picture remains muddled.
