Bitcoin rises to USD 78K after extending the ceasefire in Iran. Will this rally last?

  • The ceasefire declared by Trump is for an indefinite period.

  • Iranian officials would show some skepticism about the possibility of continuing negotiations.

The price of bitcoin (BTC) has increased 2% in the last 24 hours, reaching $78,000 on the morning of this Wednesday, April 22, 2026.

This upward movement coincides with a respite in geopolitical tensions in the Middle East, following the announcement by the president of the United States, Donald Trump, about a indefinite extension of the ceasefire with Iran to facilitate peace negotiations.

The following chart shows how the price of bitcoin has moved over the last 7 days:

Bitcoin price chart for the last 7 days.Bitcoin price chart for the last 7 days.
Bitcoin price chart for the last 7 days. Fountain: TradingView.

As CriptoNoticias reported yesterday, Washington’s decision, driven by Pakistan’s mediation in the Islamabad talks, has injected a dose of cautious optimism into global markets. Let us remember that this is a conflict that has shaken the world economy and kept the Strait of Hormuz (a key maritime passage for the oil industry) blocked.

However, the fundamentals of this rally are delicate. Although Trump suspended the airstrikesthe US Navy maintains the maritime trade blockadean act that Tehran describes as “piracy.”

Reuters sources indicate that Iranian leadership welcomes announcement with skepticismsuggesting that it could be a political ploy, which maintains a latent risk premium on all financial assets.

From the technical analysis, the enthusiasm is notable but measured. Trader Michaël van de Poppe noted today that bitcoin’s current momentum is strong, although it warns of a looming hurdle. “Crucial resistance at $79,000 has a lot of short selling to overcome,” he said.

According to van de Poppe’s perspective, it is probable Let the price first test that level and then experience a healthy decline before attempting an “assault” towards USD 86,000.

Michaël van de Poppe's analysis of the price of bitcoinMichaël van de Poppe's analysis of the price of bitcoin
Analysis by Michaël van de Poppe with his expectations for the price of bitcoin. Source: Michaël van de Poppe – X.

The analyst also highlighted that bitcoin’s strength is beginning to spill over into the altcoin market, suggesting that if the current resistance break is consolidated, we could see bullish breaks in the rest of the crypto assets.

All this makes it clear that The sustainability of this rally depends on a precarious balance between technical consolidation above $79,000 per bitcoin and the evolution of peace talks.

If negotiations fail or if the naval blockade triggers an armed response from Iran, volatility could abruptly return to markets considered “risky.”

For now, bitcoin seems to have found the necessary fuel to rise in price in diplomacy.

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