Bitcoin has a slight drop, but remains above the support of USD 75,000.
Trader Michaël van de Poppe remains confident that there will be a push to $85,000.
The price of bitcoin (BTC) faces a new test this Sunday, April 19, 2026. Following the collapse of peace negotiations between the United States and Iran, The Strait of Hormuz, once again, has been closed effectively since midnight, paralyzing the transit of 20% of the world’s supply of oil and liquefied natural gas.
In this scenario of high geopolitical tension, bitcoin has experienced a slight correction, but manages to hold above the $75,000 support.
The following chart shows how the price of bitcoin has moved over the last 7 days:
The closure of the main energy artery in the world, confirmed by data of maritime traffic, introduces a immediate global inflationary risk.
The decision of Masoud Pezeshkian’s government to reverse the opening of the strait directly impacts energy price projections. Historically, an increase in fuel costs results in upward pressure on consumer price indices (CPI).
In this context, Expectations of seeing interest rate cuts by the Federal Reserve (FED) are reduced American and other central banks, which – as explained in Criptopedia, educational section of CriptoNoticias – can be detrimental to the price of bitcoin.
Despite the geopolitical noise, from technical analysis there are those who maintain a bullish stance. Trader Michaël van de Poppe noted this morning that the recent profit-taking is a natural response to the uncertainty ahead of the institutional markets opening on Monday.
According to Van de Poppe, the volatility has left a considerable “gap” in the CME futures market that will likely close in the short term.
Van de Poppe is blunt in his projection: as long as bitcoin maintains $72,000 as a solid base, The most likely scenario is a bullish impulse that takes the price to $85,000.
This view coincides with the capital flow analysis previously reported by Willy Woowho highlights that, for the first time since January of this year, the inflow of money into BTC-based funds has become positive, which would take bitcoin above $80,000.
The analyst known as ArdiNSC, who previously had warned about bearish distribution patterns, has adjusted its reading due to the strength of support. For this specialist, the fact that the price is testing $75,000 after a bullish breakout is a fundamental technical procedure to confirm that the previous resistance has been transformed into a liquidity floor.
ArdiNSC warns that the loss of this level would negate the current momentum. “If the price has to retrace to the previous range to find buyers, the breakout would lack strength,” he maintains. Therefore, maintaining this psychological level is vital to avoid a fall towards the USD 60,000 area, where the medium-term moving averages are located.
But, not all indicators are unequivocally bullish. Data provided by analyst Darkfost, from CryptoQuant, reveal that open interest in futures contracts has not yet recovered the maximum levels of October 2025. Last week it stood at 334,500 contracts, which suggests that speculative capital is still acting cautiously after the massive liquidations suffered months ago.
Still, this low relative leverage could be positive for price stability as it reduces the likelihood of liquidation cascades (“long squeezes«) in the face of sudden downward movements.
The market’s eyes are now on next Wednesdaythe date on which the ceasefire term in the Gulf formally expires.