{"id":58315,"date":"2026-05-07T04:58:22","date_gmt":"2026-05-07T04:58:22","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=58315"},"modified":"2026-05-07T04:58:22","modified_gmt":"2026-05-07T04:58:22","slug":"bitcoin-price-rejects-at-83k-trump-calls-iran-deal-big-assumption","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=58315","title":{"rendered":"Bitcoin price rejects at $83K | Trump calls Iran deal &#8216;big assumption&#8217;?"},"content":{"rendered":"<p>Bitcoin price action failed to revisit the $83,000 mark after US-Iran war tensions took over to steer the crypto market mood.<\/p>\n<div class=\"ct-prose-2 mt-4 pb-10 tablet:mt-6 desktop:mt-8\">\n<p>Bitcoin (BTC) cooled from new 13-week highs at Wednesday\u2019s Wall Street open amid mixed signals over a US-Iran peace deal.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" value=\"1\">Bitcoin stops short of tapping $83,000 as momentum becomes guided by geopolitical developments.<\/li>\n<li class=\"\" value=\"2\">Oil sees flash volatility around rumors of the Strait of Hormuz opening.<\/li>\n<li class=\"\" value=\"3\">Bitcoin trader sees a price reset to a $78,400 trend line.<\/li>\n<\/ul>\n<h2>Iran deal let-down sours Bitcoin&#8217;s attack on $83,000<\/h2>\n<p>Data from TradingView showed a new local peak for BTC\/USD of $82,833 on Bitstamp.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-13-04.png?prefix=media%2Fcontent\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" srcset=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=360,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-13-04.png?prefix=media%2Fcontent 360w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=720,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-13-04.png?prefix=media%2Fcontent 720w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=728,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-13-04.png?prefix=media%2Fcontent 728w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-13-04.png?prefix=media%2Fcontent 896w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1456,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-13-04.png?prefix=media%2Fcontent 1456w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1792,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-13-04.png?prefix=media%2Fcontent 1792w\" alt=\"\" width=\"896\" height=\"509\" data-original=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-13-04.png?prefix=media%2Fcontent\" \/><\/figure>\n<p><em>BTC\/USD one-hour chart. Source: Cointelegraph\/<\/em><em>TradingView<\/em><\/p>\n<p>The pair made fresh gains amid reports of a 14-point ceasefire agreement potentially coming into effect \u2014 one that would include resumption of oil traffic through the Strait of Hormuz.<\/p>\n<p>Hours later, however, US President Donald Trump said that Iran&#8217;s agreement to the terms of the truce was \u201cperhaps, a big assumption.\u201d<\/p>\n<p>\u201cIf they don\u2019t agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before,\u201d he added in a post on Truth Social.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2016.57.08.png?prefix=media%2Fcontent\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" srcset=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=360,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2016.57.08.png?prefix=media%2Fcontent 360w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=720,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2016.57.08.png?prefix=media%2Fcontent 720w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=728,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2016.57.08.png?prefix=media%2Fcontent 728w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2016.57.08.png?prefix=media%2Fcontent 896w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1456,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2016.57.08.png?prefix=media%2Fcontent 1456w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1792,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2016.57.08.png?prefix=media%2Fcontent 1792w\" alt=\"\" width=\"896\" height=\"498\" data-original=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2016.57.08.png?prefix=media%2Fcontent\" \/><\/figure>\n<p><em>Source: Truth Social<\/em><\/p>\n<p>Bitcoin reacted by erasing its upside to circle $81,500 at the time of writing, still up around 1% on the day.<\/p>\n<p>Oil also saw volatility, with WTI dropping over 10% in a matter of hours before rebounding to $96 per barrel.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/USOIL_2026-05-06_17-11-07.png?prefix=media%2Fcontent\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" srcset=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=360,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/USOIL_2026-05-06_17-11-07.png?prefix=media%2Fcontent 360w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=720,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/USOIL_2026-05-06_17-11-07.png?prefix=media%2Fcontent 720w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=728,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/USOIL_2026-05-06_17-11-07.png?prefix=media%2Fcontent 728w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/USOIL_2026-05-06_17-11-07.png?prefix=media%2Fcontent 896w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1456,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/USOIL_2026-05-06_17-11-07.png?prefix=media%2Fcontent 1456w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1792,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/USOIL_2026-05-06_17-11-07.png?prefix=media%2Fcontent 1792w\" alt=\"\" width=\"896\" height=\"509\" data-original=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/USOIL_2026-05-06_17-11-07.png?prefix=media%2Fcontent\" \/><\/figure>\n<p><em>CFDs on WTI crude oil one-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>Commenting on X, trading resource The Kobeissi Letter reported what it called \u201cunusually large\u201d short interest on WTI, which totaled nearly $1 billion, immediately before the drop.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/HHoxX6yWQAYtPZT.png?prefix=media%2Fcontent\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" srcset=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=360,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/HHoxX6yWQAYtPZT.png?prefix=media%2Fcontent 360w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=720,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/HHoxX6yWQAYtPZT.png?prefix=media%2Fcontent 720w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=728,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/HHoxX6yWQAYtPZT.png?prefix=media%2Fcontent 728w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/HHoxX6yWQAYtPZT.png?prefix=media%2Fcontent 896w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1456,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/HHoxX6yWQAYtPZT.png?prefix=media%2Fcontent 1456w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1792,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/HHoxX6yWQAYtPZT.png?prefix=media%2Fcontent 1792w\" alt=\"\" width=\"896\" height=\"768\" data-original=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/HHoxX6yWQAYtPZT.png?prefix=media%2Fcontent\" \/><\/figure>\n<p><em>Light crude oil futures chart. Source: The Kobeissi Letter\/X<\/em><\/p>\n<h2>BTC price focus switches to $78,000 and higher<\/h2>\n<p>Bitcoin traders, meanwhile, looked to patches of potential liquidations on exchange order books for clues as to where price might head next.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Bitcoin can crash to $50K if &#8216;most critical&#8217; bear market test fails: Analysis<\/strong><\/em><\/p>\n<p>\u201cAbove, the $82.4K area still has some left. But price did take out most of the local liquidity from the past day. With price at 3 month highs, we would need to zoom out to see the other major levels,\u201d trader Daan Crypto Trades told X followers.\u00a0<\/p>\n<blockquote><p>\u201cBelow, the $80.1K &amp; $78.2K levels are good to watch if price were to trade into them.\u201d<\/p><\/blockquote>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2017.09.33.png?prefix=media%2Fcontent\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" srcset=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=360,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2017.09.33.png?prefix=media%2Fcontent 360w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=720,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2017.09.33.png?prefix=media%2Fcontent 720w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=728,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2017.09.33.png?prefix=media%2Fcontent 728w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2017.09.33.png?prefix=media%2Fcontent 896w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1456,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2017.09.33.png?prefix=media%2Fcontent 1456w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1792,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2017.09.33.png?prefix=media%2Fcontent 1792w\" alt=\"\" width=\"896\" height=\"301\" data-original=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/Screenshot%202026-05-06%2017.09.33.png?prefix=media%2Fcontent\" \/><\/figure>\n<p><em>Crypto liquidation history (screenshot). Source: CoinGlass<\/em><\/p>\n<p>Data from CoinGlass put total crypto liquidations over the past 24 hours at more than $550 million, with shorts accounting for $400 million of the total.<\/p>\n<p>Trader CrypNuevo called BTC\/USD \u201coverextended\u201d on short time frames, seeking a retracement to the 50-period simple moving average (SMA) on the four-hour chart. That stood at $78,432.<\/p>\n<p>\u201cIdeally it continues pushing straight higher without any exhaustion signs and it will overextend price even more so the short will be more atractive and worth it when we see those signs at higher prices,\u201d he wrote on X.<\/p>\n<figure><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-08-31.png?prefix=media%2Fcontent\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" srcset=\"https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=360,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-08-31.png?prefix=media%2Fcontent 360w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=720,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-08-31.png?prefix=media%2Fcontent 720w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=728,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-08-31.png?prefix=media%2Fcontent 728w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=896,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-08-31.png?prefix=media%2Fcontent 896w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1456,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-08-31.png?prefix=media%2Fcontent 1456w, https:\/\/resizer.cointelegraph.com\/cdn-cgi\/image\/f=auto,onerror=redirect,w=1792,q=90\/https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-08-31.png?prefix=media%2Fcontent 1792w\" alt=\"\" width=\"896\" height=\"509\" data-original=\"https:\/\/payload.cointelegraph.com\/api\/media\/file\/BTCUSD_2026-05-06_17-08-31.png?prefix=media%2Fcontent\" \/><\/figure>\n<p><em>BTC\/USD four-hour chart with 50SMA. Source: Cointelegraph\/TradingView<\/em><\/p>\n<p>Earlier, Cointelegraph reported on concerns that historical precedent called for the failure of Bitcoin\u2019s current breakout attempt.<\/p>\n<\/div>\n<p>This article is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions.<\/p>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n<p>EN web <strong>Support Chat<\/strong> | Hyips and Crypto questions \u2013 <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"http:\/\/emilynews.com\/chat\/hyips\/\">HyipChatEN<\/a><\/strong><\/p>\n<p>Telegram Chat for Crypto and Hyip reports: <strong><a href=\"https:\/\/telegram.me\/HyipChatEN\" target=\"_blank\" rel=\"noopener noreferrer\">@HyipChatEN<\/a><\/strong><\/p>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price action failed to revisit the $83,000 mark after US-Iran war tensions took over to steer the crypto market mood. Bitcoin (BTC) cooled from new 13-week highs at Wednesday\u2019s Wall Street open amid mixed &hellip; <a title=\"Bitcoin price rejects at $83K | Trump calls Iran deal &#8216;big assumption&#8217;?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=58315\"><span class=\"screen-reader-text\">Bitcoin price rejects at $83K | Trump calls Iran deal &#8216;big assumption&#8217;?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":58317,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,3544,7113,5652,159,97,3815],"class_list":["post-58315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-bitcoin-news","tag-btc-iran","tag-emilynews","tag-hyipnews","tag-hyips","tag-trump-crypto","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin price rejects at $83K | Trump calls Iran deal &#039;big assumption&#039;? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=58315\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin price rejects at $83K | Trump calls Iran deal &#039;big assumption&#039;? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price action failed to revisit the $83,000 mark after US-Iran war tensions took over to steer the crypto market mood. 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