Bitcoin falls below $71K as Iran ceasefire falters, oil rises

Bitcoin stalls near $71K as ceasefire wobbles; oil risk returns, key floor at $70,582

Bitcoin trades around $71,000 (-0.5% 24h; TradingView) as the US–Iran ceasefire shows cracks less than 48 hours in, unwinding part of Tuesday’s relief rally reported by Coinspeaker.

Relief is fading. Energy risk is back in the price.

Iran’s parliament speaker said three ceasefire clauses were violated while the Strait of Hormuz remained effectively shut. That undermines the deal’s core promise and re-adds the “Hormuz premium” to markets. Statement and date are on his official feed here.

Cross‑asset tone flipped from “pricing peace” to “pricing uncertainty.” The piece flags higher oil feeding inflation expectations and keeping the Fed in a higher‑for‑longer stance, even as labor data softens Coinspeaker.

Technicals stay inside the $65K–$73K macro range, but price is being driven by headlines. Levels to watch (TradingView):
- Rejection at 23.6% Fib at $71,766
- Below the 7‑day MA at $71,342
- Supports: 50% Fib at $70,582; 61.8% at $70,052; swing low at $68,338
- Week’s peak at $76,013; now 6.6% off that high

Source: TradingView

The article outlines two paths. If the ceasefire holds and oil cools (Brent sub-$90), BTC can reclaim the short‑term trend above $71.3K and probe $73K–$74K. If tensions flare and oil spikes toward $100, losing $70K opens a slide toward the high $60Ks, with $65K as a deeper floor Coinspeaker.