Bitcoin surged back above $82,000 after US President Donald Trump dismissed Iran’s latest proposal to end the conflict, triggering sharp volatility across crypto and oil markets. According to CoinGecko data, Bitcoin (BTC) dropped from $81,430 to nearly $80,520 within 45 minutes after Trump called Iran’s counteroffer “TOTALLY UNACCEPTABLE” in a Truth Social post on Sunday. Buyers later pushed the asset as high as $82,347 within three hours, while Coinglass data showed nearly $64 million in short positions were liquidated during the rebound. Trump rejected Iran’s response after reports that Tehran had requested access to frozen financial assets and compensation tied to war damages as part of the negotiations. Israeli Prime Minister Benjamin Netanyahu also said the conflict would continue until Iran’s uranium facilities are dismantled, reducing expectations for a quick resolution. This geopolitical instability initially acted as a catalyst for Bitcoin, as investors sought out the asset as a digital safe-haven while traditional markets reacted to the potential for a prolonged conflict. However, the rally was short-lived. Following the initial spike, Bitcoin fell toward the $80,000 level as the market began to consolidate. This retracements was largely driven by heavy technical resistance near the $82,400 mark, where substantial profit-taking occurred. Despite the brief surge, the asset remains approximately 37.5% below the record high it established in October 2025, suggesting that long-term investors remain cautious amid broader macroeconomic headwinds. Oil prices climbed alongside the renewed uncertainty, with crude rising 4.6% to $98.7 per barrel after Trump’s comments. Traders continue to monitor the Strait of Hormuz, a critical route that handles nearly 20% of global oil shipments, which added to the general risk-off sentiment that eventually cooled the Bitcoin rally. While S&P 500 futures edged 0.13% higher after markets reopened, the combination of high interest rates and persistent inflation continues to limit sustained momentum for risk assets. Traders watch support zone as macro risks stay in focus BTC held above $80,000 through most of the weekend after failing to clear the resistance around $82,500 earlier in the week. “On the low-timeframes, after rejecting at the high-timeframe resistance range marked in purple, I believe the most likely outcome is a short-term pullback toward the 2D Bull Market Support Band,” analyst Cryptic Trades said on X, adding that the zone below $80,000 had acted as a reversal area for months. With traders still navigating the fallout from the latest Middle East headlines, attention has also started shifting toward macroeconomic risks expected later this week. According to Bitrue Research Institute Research Lead Andri Fauzan Adziima, easing tensions in the region had helped cool immediate fears around oil-driven inflation spikes, although uncertainty tied to the Federal Reserve and the unresolved US-Iran conflict continued weighing on sentiment. "The momentum does appear strong enough to challenge a sustained hold above the $80,000-$82,000 zone in the near term, backed by institutional flows and technical breaks, but it will need continued buying to clear resistance cleanly — pullbacks to $78,000-$80,000 support remain a healthy risk," the analyst said. Fresh US inflation data now sits high on the market’s watchlist after Bitcoin’s recent recovery above $80,000. Ahead of the upcoming Consumer Price Index release, attention has started turning toward whether Bitcoin can hold recent gains through another key macro event. According to crypto analyst Killa, the latest CPI outcomes were already “priced in” after crypto markets rallied following the previous two inflation reports. However, the analyst warned that “bigger players” may still start “de-risking into the event” if positioning becomes too crowded on one side of the trade. “Key level to hold is the 78.6K weekly open, if lost, 74–75K is the next downside target. I would watch for liquidity sweeps around this pivot to signal the next move,” the analyst said. The post Why are Bitcoin traders watching $82,400 so closely right now? appeared first on Invezz
