Iran missile report sends bitcoin back to $79,000

[SquallLeonhart]

There was a White House briefing today, and it said that the United States' peace talks with Iran are merely 1% of coming to a resolution. The reason is that Iran will NEVER surrender their enriched Uranium stockpile to the United States.

Iran has verbally agreed to surrender their enriched Uranium, but they didn't put it writing which made the United States reject Iran's written peace proposal.

The problem is that, USA wants all of it. I understand "promising not to make a nuclear weapon" is a deal, even though that makes no sense because you want the whole world to trust that USA is trustworthy enough to have nukes but Iran is not, I would say that I am not comfortable with USA or any other nation in the world to have one, nobody should, but if one could, then it's wondering why another can't.

But aside from that point, Iran is simply saying, they will not give up the uranium, but they can promise not to make a nuclear weapon out of it. As a nation that has been blockaded and sanctioned off, they want to build a nuclear power plant, so that they do not need others for their energy needs and can sell their oil instead of using it.

[Olatundespo]

Could this be true or just news?

Bitcoin briefly topped $80,000 for the first time since January before sliding to about $79,000 after reports of a suspected Iranian missile strike on a U.S. patrol boat near Jask Island.

Also United States has later denied this, that it is not true. But market can react to such news. I think what happened could be a coincidence for bitcoin to first retrace a little.

What do you think?

Most importantly, know that news can not stop bitcoin towards the direction it is going. News can only affect in short period of time like minutes, hours or less than a day or 2 before the market direction will continue.

From the experience of the past years it can be said with almost certainty that the impact of war on the price of Bitcoin is very small. There is a long war going on between Russia and Ukraine but the price of Bitcoin has not been affected much. Moreover we have witnessed the great progress of Bitcoin from the beginning of last year to almost the end. Last year we got many ATH and this year during the war in the Middle East, the price of Bitcoin did not fall visibly. During the war, the price of Bitcoin was in a stable position.

To be honest Bitcoin investors have a close relationship with the world economy so during the global capital market and economic recession, the demand for Bitcoin can fluctuate, resulting in price instability, which is a normal process of the market.

[Just Say]

From the experience of the past years it can be said with almost certainty that the impact of war on the price of Bitcoin is very small. There is a long war going on between Russia and Ukraine but the price of Bitcoin has not been affected much. Moreover we have witnessed the great progress of Bitcoin from the beginning of last year to almost the end. Last year we got many ATH and this year during the war in the Middle East, the price of Bitcoin did not fall visibly. During the war, the price of Bitcoin was in a stable position.

To be honest Bitcoin investors have a close relationship with the world economy so during the global capital market and economic recession, the demand for Bitcoin can fluctuate, resulting in price instability, which is a normal process of the market.

Certainly, it is true that there is a close and growing relationship between Bitcoin investors and the global economy, as a result we have seen that the economic downturn caused by the military war between Iran and the United States this new year has affected the BTC market to some extent. Currently, Bitcoin is at its high price level, namely at the level of eighty thousand dollars, but imagine that a missile attack could occur at any time because the war between Iran and the United States does not stop, which would spread a wave of panic among BTC investors and i think could push the price of Bitcoin even lower in the market.

[Wind_FURY]

There was a White House briefing today, and it said that the United States' peace talks with Iran are merely 1% of coming to a resolution. The reason is that Iran will NEVER surrender their enriched Uranium stockpile to the United States.

Iran has verbally agreed to surrender their enriched Uranium, but they didn't put it writing which made the United States reject Iran's written peace proposal.

The problem is that, USA wants all of it. I understand "promising not to make a nuclear weapon" is a deal, even though that makes no sense because you want the whole world to trust that USA is trustworthy enough to have nukes but Iran is not, I would say that I am not comfortable with USA or any other nation in the world to have one, nobody should, but if one could, then it's wondering why another can't.

But aside from that point, Iran is simply saying, they will not give up the uranium, but they can promise not to make a nuclear weapon out of it. As a nation that has been blockaded and sanctioned off, they want to build a nuclear power plant, so that they do not need others for their energy needs and can sell their oil instead of using it.

It will be VERY LAUGHABLE if the United States would be STUPID enough to accept those terms. In Bitcoin Land we were taught to, DON'T TRUST, VERIFY.

If anyone in BitcoinTalk says that the United States should trust Iran, then that would be stupid.

       ¯\_(ツ)_/¯

[Smartvirus]

Could this be true or just news?

Bitcoin briefly topped $80,000 for the first time since January before sliding to about $79,000 after reports of a suspected Iranian missile strike on a U.S. patrol boat near Jask Island.

Everything keeps being attributed to the on going campaign by these nations.
While I would not say there are certainly effects from these campaigns, I don’t see why every pump and dump on the Bitcoin market would be attributed to these too. It just doesn’t work that way.

Bitcoin has always done these before the war, during the war and it would continue to do these after the war.  That’s the fact!

[ingiltere]

I don't think these events are that closely tied to Bitcoin's price. The U.S. launched missiles, Bitcoin dropped. Iran closed the Strait, Bitcoin dropped. These are all just excuses for the decline. When the Strait closes, the price drops. When it reopens, the price rises. Bitcoin is actually just following its normal patterns. People are just making up reasons for the drops or the rises. Since when has Bitcoin become so influenced by global events? Has it become tied to global events like gold and oil prices? Bitcoin has its own patterns of rise and fall. Events in the news don't have that much of an impact.

[jossiel]

I don't think these events are that closely tied to Bitcoin's price. The U.S. launched missiles, Bitcoin dropped. Iran closed the Strait, Bitcoin dropped. These are all just excuses for the decline. When the Strait closes, the price drops. When it reopens, the price rises. Bitcoin is actually just following its normal patterns. People are just making up reasons for the drops or the rises. Since when has Bitcoin become so influenced by global events? Has it become tied to global events like gold and oil prices? Bitcoin has its own patterns of rise and fall. Events in the news don't have that much of an impact.

They are all coincidental.

I was looking for a reason what made the price down again. And I thought it was this but this was published weeks ago.

And the most recent one is Trump's visit to China and we don't know if some of the big investors have to cash out their money from that meeting.

It's now back to $78k but people shouldn't be surprised if that happens because we often see this volatile move of Bitcoin.

[Orpichukwu]

Everything keeps being attributed to the on going campaign by these nations.
While I would not say there are certainly effects from these campaigns, I don’t see why every pump and dump on the Bitcoin market would be attributed to these too. It just doesn’t work that way.

Bitcoin has always done these before the war, during the war and it would continue to do these after the war.  That’s the fact!

It used to be that way, but sadly this is the market era which we are moving to, where almost all political events which involve some big nations' bitcoin get affected either negatively or positively. Not all moves could be from it, but when you check some speculative news, there could be some little truth inside of it. Day traders pay more attention to matters like that and decide which position to take each time there is a decision made about the war.

[UmerIdrees]

Could this be true or just news?

Bitcoin briefly topped $80,000 for the first time since January before sliding to about $79,000 after reports of a suspected Iranian missile strike on a U.S. patrol boat near Jask Island.

Everything keeps being attributed to the on going campaign by these nations.
While I would not say there are certainly effects from these campaigns, I don’t see why every pump and dump on the Bitcoin market would be attributed to these too. It just doesn’t work that way.

Bitcoin has always done these before the war, during the war and it would continue to do these after the war.  That’s the fact!

I also agree that recent pump and dump in bitcoin is not only because of the Iran US conflict but there are many other fundamental and technical reasons too for this price action.

While people are saying that bitcoin reached to 82K only after the war and conflict started but technically it was due that bitcoin needed to make lower high and also fill the long pending CME gap. While escalations in war and somewhat disappointed trump visit to china may bring bitcoin down to 60's again but technically bitcoin is due tfor make another lower low for this bear season.

[summonerrk]

BTC failed to gain a firm foothold above $80,000–82,000, with a strong rally in that sector. A leveraged long has accumulated, and after the breakdown below $80,000, the forced withdrawal of trading shoulders began.
BTC ETFs also remain the main long-term channel of institutional demand. But the flows have become unstable: after large outflows of about -$630 million on May 13, there was an influx of about +$131 million on May 14, but the total for the week is likely to be negative. ETFs support the market, but they do not reverse corrections, especially when Nasdaq takes profits, DXY grows, and yields put pressure on the entire risk-on segment.

[bubilas]

BTC failed to gain a firm foothold above $80,000–82,000, with a strong rally in that sector. A leveraged long has accumulated, and after the breakdown below $80,000, the forced withdrawal of trading shoulders began.
BTC ETFs also remain the main long-term channel of institutional demand. But the flows have become unstable: after large outflows of about -$630 million on May 13, there was an influx of about +$131 million on May 14, but the total for the week is likely to be negative. ETFs support the market, but they do not reverse corrections, especially when Nasdaq takes profits, DXY grows, and yields put pressure on the entire risk-on segment.

The movement of the last days of this week is a necessary relief after a strong risk-on rally. The market removed some of the leverage, recorded profits after expiration, and began to overestimate the cost of risk amid rising yields and a stronger dollar.  The key area for the weekend and the beginning of the week is $77,000—77,700. As long as it holds, it looks like a healthy shoulder correction and removal. Consolidation below will open the way to $76K. A return above $80,500 will prove that sales have been suspended and the crypto market has gone through a technical cleanup after expiration.

[C10H15N]

Correlation ≠ Causation

[Wind_FURY]

Correlation ≠ Causation

    👍

There are people that want PLEBS like us to know that "they know", but actually they DON'T know.



But because we're mere plebs, we're ready to know what they want us to believe that "they know", but actually DON'T know.

 ¯\_(ツ)_/¯