Expert Analyst Reveals Two Catalysts That Could Restart the Bull Market in Bitcoin (BTC) and Altcoins!

US President Donald Trump made important statements regarding a war with Iran. In his statement, he both hinted at a possible agreement and gave Iran two days to open the Strait of Hormuz.

At this point, Bitcoin (BTC) surged above $70,000 yesterday on the possibility of a US-Iran deal. However, BTC retreated to the $68,000 level today due to increased uncertainty as Trump’s two-day deadline expires. This erased most of the gains from the previous day, when BTC briefly climbed above $70,000.

This decline occurred as volatility increased ahead of the negotiation deadline Trump set for Iran, with one analyst noting that the market is still in a wait-and-see phase and there is no clear direction.

Speaking to Bloomberg, BTC Markets analyst Rachel Lucas stated that sentiment in Bitcoin remains bearish in the short to medium term, and the market is in a wait-and-see mode.

“While Bitcoin and the market lack sufficient resolve to extend gains, the downward movement hasn’t yet triggered a decisive breakout. In other words, the bulls don’t have enough strength to sustain a breakout, and the bears haven’t been able to cause a definitive decline either.”

Lucas also stated that the bull scenario in the Bitcoin and crypto market depends on two catalysts. The first is the US-Iran deal, and the second is the passage of the Clarity Act, one of the most important laws passed by the US.

As is known, since the start of the war, oil prices have risen rapidly while gold has lost more than 10% of its value.

In contrast, Bitcoin has shown relative resilience. Since the beginning of March, Bitcoin has largely remained stuck between $65,000 and $75,000.

*This is not investment advice.

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