- The start of negotiations between the US and Iran has had a positive impact on the state of cryptocurrency markets.
- On this news, the price of Bitcoin rose to an intraday high of $73,700 on April 10.
- Trading expert TradingShot is confident that BTC will reach $100,000.
The American delegation, led by Vice President J.D. Vance met On Saturday afternoon, senior Iranian negotiators met in Pakistan, according to Iranian and White House officials. This was done in an effort to find a peaceful resolution to the conflict that has lasted more than a month.
The length of the negotiations indicates that both sides are constructively disposed.
Cryptocurrency markets responded positively to the easing of geopolitical tensions and signals of a ceasefire. On April 11, 2026, the price of Bitcoin (BTC) rose to a daily high of $73,700, and Ethereum added 2% in a day and rose to $2,300.
Traders therefore view the de-escalation of hostilities as a favorable situation for risk assets, although macroeconomic-based volatility remains.
Trading expert TradingShot believes that investors in Bitcoin (BTC) should be expected to reach the $100,000 mark, but only after a sharp drop.
According to his analysis, published on TradingView, the analyst noted that despite the moderate recovery from recent events and the potential for recovery, Bitcoin remains in a protracted bearish phase.
Bitcoin price analysis chart. Source: TradingView
The analysis places the current phase within a six-month bearish cycle, which could last another six months. Based on the Fibonacci channel pattern and the 2018 and 2022 cycles, which were characterized by deep corrections, the current cycle could result in a total decline of approximately 70%.
Key technical levels include a potential intermediate low near $47,000, coinciding with the 350-week moving average (MA), and a deeper downside target near $38,000 near the 500-week MA. These levels correspond to the lows of previous cycles, where longer-term MAs acted as critical support zones.
After this corrective phase, the structure indicates a gradual recovery in which Bitcoin will gradually gain momentum, breaking through key resistance levels and eventually approaching six-figure levels.
Within this forecast, the $100,000 target is likely part of a longer recovery cycle, with the most likely timeframe being late 2026 or early 2027.
From a technical point of view, Bitcoin The pair is hovering just below key resistance zones around $73,000 and $73,100. A strong break above this level could pave the way for further gains to $76,000 or higher in the short term, while support lies around $70,00 and $71,000.
It is noteworthy that the rebound can be explained by strong influx of funds in American spot bitcoin ETF, which recorded significant net inflows at the start of the week, with $471 million in a single session.
The growth leaders were iShares Bitcoin Trust (IBIT) from BlackRock and exchange-traded products Fidelity Investments, indicating continued institutional interest even amid price consolidation.
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