Bitcoin price hit $77,541 on Wednesday morning – up 2.2% in 24 hours and 4.3% on the week, after President Donald Trump announced an indefinite extension of the Iran ceasefire, removing the immediate threat of renewed Strait of Hormuz disruption and triggering a broad rotation back into risk assets. S&P 500 futures gained 0.5%, Nasdaq 100 futures climbed 0.6%, and Ether rose 2.1% to $2,366 as the de-escalation headline rippled across every major asset class simultaneously.
Brent crude steadied near $98 a barrel, reflecting reduced supply-disruption premium rather than a collapse – a signal that markets are pricing stability, not complacency.
BREAKING: President Trump extends the US ceasefire with Iran indefinitely. pic.twitter.com/ofRSwSmHof
— The Kobeissi Letter (@KobeissiLetter) April 21, 2026
The Strait of Hormuz carries roughly 20% of global seaborne oil shipments, and the extended blockade posture the US had maintained was injecting a persistent war premium into energy markets. With Trump declaring the ceasefire indefinite while keeping the Hormuz blockade in place as leverage, that specific tail risk – a full conflict escalation that would spike oil and force aggressive Fed responses, came off the table for now.
That is the macro mechanism behind the move: lower geopolitical risk reduces the case for emergency monetary tightening, loosens the dollar’s grip on liquidity, and sends capital toward high-beta assets. Bitcoin, as the primary liquidity hedge in the digital asset ecosystem, absorbed a disproportionate share of that rotation.
Can Bitcoin Price Break $80,000 During Trump Ceasefire?
The BTC $77,500 level has served as both a target and a battleground. Technical analysis identifies $77,459 as a key bullish breakout threshold, and Bitcoin has now cleared it – but holding above it through successive European and US sessions is what converts a breakout into a new base.
The immediate resistance sits at $80,000, a level that carries weight not just as a round number but as the point where a 46-day funding rate compression period would flip into a confirmed short squeeze.
If Bitcoin can hold above $75,000 on a daily close, the $77,500–$80,000 range becomes a consolidation before continuation, with momentum traders adding exposure on each retest. If the price reverses below $75,000, it signals the ceasefire extension was already fully priced in and the rally needs a fresh catalyst to sustain.
The invalidation level for the broader bullish thesis sits at $69,400, the realized price of short-term holders as identified by analyst Darkfost – the threshold below which recent buyers would be sitting on losses and cascade liquidation risk rises sharply. Bitcoin is currently well above that floor, which gives the structure meaningful room before sentiment would genuinely deteriorate.
