Bitcoin: Drops $1,200 After Trump Rejects Iran Proposal

Bitcoin cratered $1,200 in just 40 minutes, sliding from $81,500 to $80,300, as former President Trump dismissed Iran's proposal as totally unacceptable, triggering $81 million in long liquidations during this low-liquidity weekend dump. Traders caught off-guard by the geopolitical jab watched leveraged positions evaporate, amplifying the crypto market crash vibes in a session already thin on volume.

On the 4h chart, Bitcoin holds a bullish structure with price at $80,777.04 hovering above the EMA50 at $80,102.42 and EMA200 at $76,303.94, both acting as rock-solid long-term supports that could cushion any deeper pullback. Momentum sits neutral with RSI at 52.43, while MACD flashes a bullish golden cross at 219.83, signaling underlying strength despite the dip; price trades inside Bollinger Bands, testing the upper resistance at $81,446.12 before retreating toward the lower support at $79,475.93, where volatility exhaustion might spark a rebound if buyers defend that confluence zone—watch for a quick snap back if geopolitical noise fades, aligning with recent BTC price prediction models eyeing upside continuation amid broader Bitcoin liquidation event patterns.