Bitcoin rebounds toward $83,000 as Trump rules out Iran strike before midterms
Bitcoin bounced back above $82,000 and neared $83,000 after President Trump signaled that the U.S. will not strike Iran prior to the midterms, cooling oil prices and crypto liquidations.
Bitcoin rebounded above $82,000 and neared $83,000 following a sharp dip toward $80,000 earlier in the week. The market recovery gathered momentum after President Donald Trump indicated that the United States does not plan strikes on Iran before the midterm elections. The statement helped cool crude oil prices and spurred relief rallies across digital assets and related equities like Strategy.[2][3][4][7][8][9]
The price bounce coincided with an easing of market-wide forced selling, which had triggered $1.09 billion in crypto liquidations during the drop to $80,350, according to Analytics Insight. Ethereum also moved back above $2,500 during the rebound, while crypto security experts pushed back against bunker-mode fears as macro tensions moderated.[3][5][6][9]
Despite the recovery, market participants remain cautious about additional downside risk. Decrypt reported that traders are pricing in elevated odds of further price drops before October ends. Technical analyst That Martini Guy noted that the four-hour chart continues to show weakness following repeated rejections near $87,000, calling $83,500 the key resistance level to reclaim while warning that $79,500 stands as major support if the $80,300 floor gives way.[1][10][11][12]
Key facts
- Bitcoin recovered above $82,000 and neared $83,000 after dipping toward $80,000.
- President Trump ruled out U.S. strikes against Iran before the midterm elections, prompting oil prices to retreat.
- Crypto liquidations totaled $1.09 billion during the drop to $80,350.
- Ethereum moved back across the $2,500 mark alongside Bitcoin's bounce.
- Shares of Strategy and other crypto-related stocks rebounded alongside the digital asset market.
- Traders are placing high odds on further Bitcoin declines before the end of October.
- Analysts are watching $83,500 as key overhead resistance, with $79,500 viewed as the next support if $80,300 breaks.
Sources · 12 sources
- DE
Decrypt@DecryptMediaPost on X ·
Bitcoin Rebounds After Rough Week, But Traders Are Pricing In More Downside https://t.co/LTsXtLxpnX
Open source - WM
WSJ Markets@WSJmarketsPost on X ·
Oil Prices Retreat After Trump Appears to Rule out Iran Strikes Before Midterms https://t.co/FMLDLhvq9o
Open source - CO
CoindeskArticle ·
Bitcoin rebounds to $82,000 as Trump rules out Iran strikes, oil drops Bitcoin rebounded to $82,000 as Trump ruled out an Iran strike before the midterms, while crypto security experts pushed back on “bunker mode” fears.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
📈NEW: Bitcoin bitcoin:native climbs back near $83,000, gaining more than 2% over the past 24 hours after falling to around $80,000 on Thursday. https://t.co/2lNu1LYMkR
Open source - BC
Bitcoin.com News@BitcoinNewsPost on X ·
Bitcoin Price Bounces Back to $83K as Crypto Market Liquidations Cool https://t.co/JixkVxCMab
Open source - CR
Crypto Rover@cryptoroverPost on X ·
BOUNCE FOR CRYPTO! 💥 Bitcoin hits $83,000. Ethereum hits $2,500. https://t.co/Ndv2EXZ7Hm
Open source - BA
Barron's@barronsonlinePost on X ·
Bitcoin, Strategy, and Crypto Stocks Rebound as Trump Signal Cools Iran Attack Fears https://t.co/puOHzhPg5J
Open source - RE
Reuters@ReutersPost on X ·
🔊 Oil prices are cooling after President Trump said the US does not plan further strikes on Iran before the midterms. Hear more about what's driving volatility in energy markets on today’s Reuters Morning Bid podcast https://t.co/cMDOl07Yyx https://t.co/mRuskghfEk
Open source - AI
Analytics Insight@analyticsinmePost on X ·
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗥𝗲𝗰𝗼𝘃𝗲𝗿𝘀 𝘁𝗼 𝗨𝗦𝗗 𝟴𝟮,𝟱𝟬𝟬 𝗮𝘀 𝗣𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗧𝗿𝘂𝗺𝗽 𝗥𝘂𝗹𝗲𝘀 𝗢𝘂𝘁 𝗜𝗿𝗮𝗻 𝗦𝘁𝗿𝗶𝗸𝗲𝘀 Bitcoin recovers toward USD 82,500 after President Trump rules out Iran strikes before the midterm elections. The rebound follows a drop to USD 80,350 and USD 1.09 billion in crypto liquidations. Can BTC hold its recovery? #Bitcoin #BTC #DonaldTrump #Iran #CryptoNews #AnalyticsInsight #AnalyticsInsightMagazine Read More 👇 https://t.co/OObymD2soD
Open source - DE
DecryptArticle ·
Bitcoin Rebounds After Rough Week, But Traders Are Pricing In More Downside Bitcoin bounced after dipping to around $80,000. Traders are placing increasingly high odds BTC slips further before October is over.
Open source - TM
That Martini Guy ₿@MartiniGuyYTPost on X ·
Bitcoin bounced from around $80.3K and is now back above $82K. The 4H chart still looks weak after repeated rejection at $87K and the loss of $83.5K. I’m watching $83.5K now. Reclaiming it would be the first sign of strength. If BTC fails to recover and loses $80.3K, $79.5K is the next major support.
Open source - C®
CryptoSavingExpert ®@CryptoSavingExpPost on X ·
Bitcoin has bounced from around $80.3K and is back above $82K. The 4H structure is still weak after repeated rejection at $87K and the loss of $83.5K. We think $83.5K is the first level BTC needs to reclaim to show real strength. If $80.3K breaks, $79.5K becomes the next major support. For now, we’re treating this as a relief bounce until Bitcoin proves it can reclaim higher levels.
Open source