Bitfinex Analysts Flag $84,766 Trigger as Bitcoin Tests $81,500 After Sharp Reversal

However, in keeping with its own policy of maintaining pressure on Trump, the Iranian establishment responded by reportedly issuing a statement that once again appeared to undercut the president’s optimistic social media post. As carried by several media outlets, Iran revealed hours after Trump’s remarks that it had the “Persian Gulf Strait Authority” to oversee maritime transit passage through the Strait of Hormuz.

While this may be an Iranian negotiating tactic, the strategy appeared to work as oil prices jumped slightly, with Brent crude rising to $102 per barrel. According to some observers, Iran’s calculus is simple: Maintain elevated oil prices long enough, and the Trump administration will be forced to accede to most of Tehran’s demands. However, with the blockade on Iranian ports remaining in place, the gamble may be too costly.

“Triggers worth monitoring in real time: a daily close above $84,766, the next technical reference and upper edge of the prior consolidation zone; ETF streak extension to seven sessions with AER readings sustained inside 3x–6x; STRC pre-ex-dividend price action above par to confirm ATM-window viability.”