Bitcoin Drops Below $72,000 as US-Iran Talks End Without a Deal

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<a href="https://pricpr.com/btc-usd/">Bitcoin</a> Drops Below $72,000 as US-Iran Talks End Without a Deal

Key Takeaways

  • BTC drops back under $72,000.
  • Vance left Pakistan without a deal after 21 hours of talks.
  • Hormuz strait remains a point of “serious disagreement”.
  • RSI at 36.
  • Trump: “makes no difference to me” whether a deal is reached.

What Happened

JD Vance stated on Sunday, as reported by CNN, that negotiations with Pakistan had ended without an agreement. This concluded 21 hours of direct talks between the US and Iran – the most significant in-person discussions between the two countries in decades. While the talks covered important topics like the Strait of Hormuz, nuclear programs, financial reparations, and sanctions, no resolutions were reached.

According to Iran’s Tasnim news agency, significant disagreements persist regarding the Strait of Hormuz. Before the talks began, Iran’s foreign ministry stated that any successful outcome hinged on the US not making unreasonable requests. Israeli Prime Minister Netanyahu, who did not participate in the discussions, affirmed Israel’s continued opposition to Iran, even if the US and Iran were to reach an agreement. Meanwhile, President Trump indicated to reporters that he was indifferent to whether or not a deal was made.

The most important news overnight is that the US president doesn’t seem concerned about what happens next. This means the market shouldn’t expect a quick resolution to the current situation. Because of this lack of urgency, it will likely take longer for the Strait of Hormuz to reopen, delaying the drop in oil prices that investors are hoping for to support expectations of future interest rate cuts.

What the Chart Shows

Bitcoin’s price fell sharply, dropping from over $73,000 to a low of $71,400 before recovering slightly to $71,700. This was its biggest single-day drop since April 8th. During this decline, the price moved below a key technical level – the 50-day Simple Moving Average at $72,653 – something that hadn’t happened since the price started rising in early April. Previously, every dip in price had stayed above this level, but this time it didn’t.

The Relative Strength Index (RSI) is currently at 36.36, its lowest point on the chart. The difference between the RSI and its signal line (at 50.18) is the largest it’s been, suggesting that downward momentum is accelerating. While the price has bounced a bit to $71,737, it’s still $916 below the 50-day Simple Moving Average, which is now acting as a resistance level instead of support.

Currently, the price is being supported around $71,000 to $71,200 – a level established before recent discussions. If the price stays above this point, the recent upward trend will likely continue, though with less strength. However, if the price drops below this level with significant trading volume, the next key support area to watch is between $70,000 and $70,200, which was a previous low point before the recent stability.

This article is intended for educational use only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Before making any investment choices, be sure to do your own research and talk to a qualified financial advisor.

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2026-04-12 09:00