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Bitcoin price has risen about 3% to $79,143 after touching $79,325, even as conflicting U.S. and Iranian statements have kept the path toward a possible agreement unclear.
Trump’s comments have supported the Bitcoin price rebound
Bitcoin’s recovery unfolded as U.S. President Donald Trump suggested Iran wanted to reach an agreement with Washington despite continued fighting in the region.
“The failing Nation of Iran wants to make a deal, quickly and badly,” Trump wrote on Truth Social.
Trump added that he would decide whether the United States engages with Tehran, although he said Washington was open to the idea. His comments introduced the possibility of renewed talks after months of military exchanges and repeated failures to secure a lasting agreement.
During the recovery, Bitcoin ($BTC) first moved above $78,000 and reached $78,940 before extending its advance. A daily Binance chart on TradingView showed $BTC opening at $76,842, falling to $76,388 and later reaching $79,325. The asset traded near $79,143 when the chart was captured, representing a 3% daily gain.
U.S. stocks also recovered from an earlier decline. Approximately $570 billion returned to equities within three hours after the market had erased more than $600 billion earlier in the session.
Technology stocks had faced additional pressure after executives from artificial intelligence companies called for slower development to address safety risks. The comments added anotherf recent U.S. equity gains
Bitcoin’s response showed that traders were willing to add risk after Trump raised the possibility of diplomacy. Iranian state media, however, rejected his claim that Tehran was seeking a quick agreement, leaving the market without confirmation from both governments.
LiveSquawk separately cited Iran’s ILNA news agency as saying the United States had sought a “phased” agreement, based on information attributed to a Pakistanid accepted final terms
Oil above $100 keeps the U.S.-Iran risk active
The diplomatic dispute has come while attacks involving Iran-aligned forces have placed additional pressure on oil production and shipping routes.
According to Reuters, Yemen’s Iran-aligned Houthis launched missiles and drones at a military airbase in Khamis Mushait, Saudi Arabia. The group said it targeted aircraft hangars, radar equipment, runways and ammunition storage sites in response to Saudi strikes in Yemen.
In another attack, which Riyadh blamed on Iran-backed fighters in Iraq, Saudi Arabia’s east-west pipeline was taken offline. The route allows oil exports to avoid the Strait of Hormuz, making it important while traffic through the strait remains restricted.
Traders told Reuters that an extended pipeline closure could affect as much as 4% of global oil supply. Brent crude rose more than 4% after the weekend before giving back part of the increase following Trump’s comments. It later traded near $106 per barrel, while U.S. crude remained above $100.
For American consumers, Reuters reported that the average retail diesel price had reached a record above $6.23 per gallon. Sustained energy costs could feed inflation and complicate the Federal Reserve’s interest-rate decision, creating a direct link between the conflict and the conditions facing U.S. Bitcoin investors.
As crypto.news previously reported, Bitfinex analysts identified energy costs and real Treasury yields as restraints on Bitcoin. The analysts said an oil shock could keep inflation expectations elevated, while tighter monetary policy would reduce liquidity without resolving the loss of energy supply.
Oman had planned to host Iranian and Gulf officials for discussions over the future operation of the Strait of Hormuz. Foreign Minister Sayyid Badr Albusaidi postponed the meeting “in the interests of consensus,” without announcing a replacement date.
Iran said Saudi Arabia had requested the delay. Tehran also published a list of 77 vessels that it said had breached its operating rules in the strait, warning that future violations could lead to fines, detention, or confiscation.
Bitcoin price faces resistance around $80,000
Technical readings show that Bitcoin has returned above the center of its daily Bollinger Bands but has not cleared the upper boundary.
The daily Bitcoin price chart placed the Bollinger Band midpoint near $78,521, with the upper band at approximately $81,035 and the lower band around $76,008. $BTC’s move above the midpoint gives buyers control of the immediate range, although the upper band and recent highs create resistance between $80,000 and $81,035.
A one-week CoinGlass liquidation heatmap shows the largest nearby concentration of leveraged positions just below $80,000. The brightest band appears around $79,900 to $80,000, making the area a possible target if buyers extend the advance.
Several smaller liquidation pools sit between roughly $80,200 and $80,700. A clean move through that region would bring the Bollinger Band ceiling near $81,035 into focus, followed by the larger $82,000 area identified in recent Bitfinex analysis.
Momentum remains less certain. The daily MACD line stood near 1,579, below its signal line around 2,211, while the histogram had fallen to approximately minus 631. Both MACD lines remained above zero, but the bearish crossover and red histogram bars showed that momentum had weakened after Bitcoin’s sharp August rally.
Price action has also remained uneven since $BTC first moved above $80,000. Buyers have defended pullbacks toward the mid-$76,000 area, yet several attempts to hold above $81,000 have failed. The current move has returned Bitcoin to the upper half of that range without confirming a breakout.
On the downside, the Bollinger midpoint near $78,521 forms the first technical support. Losing it would expose the $77,500 to $78,000 region, where the heatmap shows a series of smaller leveraged clusters.
The largest lower liquidity concentration sits around $76,000, close to the daily lower Bollinger Band. A sustained break below that zone could expose another pool near $75,000 to $75,400.
Fed policy has added another test for U.S. investors
The Iran conflict is not the only event capable of disrupting Bitcoin’s recovery. A separate market report noted that the Federal Reserve will meet on Sept. 15 and 16, with its policy statement, updated economic projections and Chair Kevin Warsh’s press conference due on Wednesday.
Markets had priced an 87% probability of a quarter-point increase before the meeting. Such a decision would move the federal funds target range from 3.50%–3.75% to 3.75%–4.00%.
Bitfinex analysts said the Fed’s projections could matter more for Bitcoin than the rate announcement because they will show whether officials expect one increase or a longer series of moves. Higher Treasury yields can raise the return available from government securities, increasing competition for capital held in non-yielding assets such as Bitcoin.
U.S.-listed spot Bitcoin exchange-traded funds provide another measure of demand from American investors. The products attracted $986.7 million during the week ending Sept. 4, after taking in $924.5 million the previous week. Three consecutive positive weeks brought the combined inflow to about $3.8 billion.
Fed policy, oil prices, and developments around the Strait of Hormuz will now overlap with the liquidation levels visible on the Bitcoin chart. The Federal Reserve is scheduled to release its decision on Wednesday afternoon, followed by Warsh’s press conference and the central bank’s updated economic projections.
Source: cryptonews.net