Iran&#8217;s alignment with Russia reduces US diplomatic leverage, complicating 
peace efforts and increasing market skepticism about a resolution.
The post Iran strengthens Russia ties, complicating US peace talks appeared 
first on Crypto Briefing.

Iran strengthens Russia ties, complicating US peace talks

A crypto analyst has warned against giving in to the FOMO and buying Bitcoin 
(BTC) at new highs. He noted that although the cryptocurrency could continue 
its upward move and even push past $80,000, this does not necessarily signal 
the end of the broader bear market. Instead, he argues that the move could be 
a strong distribution phase, leading to further declines. He also projects 
that Bitcoin could still experience a deeper correction, with a potential 
market bottom forming near $40,000. Analyst Warns Against Buying BTC At 
$85,000 @Sherlockwhale, a crypto market analyst on X, is sounding the alarm 
for traders who believe Bitcoin could glide smoothly past the $83,000-$88,000 
price range without encountering resistance. According to him, this zone 
exhibits more sell pressure than any other level in BTC’s current chart 
structure. Related Reading: Analyst Who Called Bitcoin’s Top Correctly Now 
Predicting The Bottom The analyst based his view on a broader Fibonacci 
retracement structure drawn from Bitcoin&#8217;s past move between $97,000 and 
$60,000. He described this range as a full impulse wave to the downside, 
followed by a recovery phase where the price has been making higher rebounds 
but still facing sharp pullbacks. From this structure, @Sherlockwhales 
identified key upside levels on BTC’s chart at $83,435 (0.618 Fib), $84,647 
(0.65 Fib), and $89,797 (0.786 Fib). He noted that this cluster forms a major 
untested resistance zone on Bitcoin&#8217;s weekly chart. According to him, untested 
resistance areas like these tend to attract heavier sell pressure because 
traders who bought at those levels are still underwater and may look to exit 
as the price returns toward breakeven. Further explaining, @Sherlockwhales 
stated that the average cost basis for all US Spot Bitcoin ETF holders is 
currently $87,830. This means that investors who bought the ETF over the past 
two years are still holding substantial unrealized losses, with BTC currently 
trading below their entry level. According to the analyst, this makes the 
$87,000 to $88,000 range an important psychological level for the market. He 
noted that if Bitcoin returns to this upper range, many ETF investors would 
reach breakeven for the first time in months. He added that this could trigger 
increased selling pressure, as investors who have been in pain since its ATH 
in October 2025 may choose to sell their coins to recover past losses. 
Similarly, @Sherlockwhales noted that the short-term holder cost basis 
currently sits around $80,100. He explained that whenever Bitcoin moved above 
this basis, it formed a local top because short-term holders took the 
opportunity to exit the market at a profit. The analyst emphasized that this 
pattern has already played out twice, each time leading to a sharp price 
breakdown. He now warns that if BTC experiences another upward rally toward 
$80,000, it could fuel another wave of selling pressure and potentially lead 
to a similar pullback. Analyst Predicts BTC Crash To $40,000 And Where To Buy 
Because @Sherlockwhales believes most underwater investors would sell their 
coins for a profit at upper resistance levels, he warns traders not to buy BTC 
around $85,000, suggesting it could be a bull trap. He predicts that the 
Bitcoin price could crash toward $40,000, possibly marking its final bottom 
before a new bull trend begins. Related Reading: Bitcoin Price Wave Down To 
$40,000 Shows When The Bottom Will Begin Rather than buying at $85,000, the 
analyst urges investors to wait until October before entering the market. He 
noted that prices during this time window would present the most favorable 
long-term buying opportunity for traders. Featured image from Getty Images, 
chart from Tradingview.com

Bitcoin Is Headed For $40,000: Analyst Reveals The Best Time To Buy BTC

Iran&#8217;s control over the Strait of Hormuz exacerbates geopolitical tensions, 
reducing the likelihood of diplomatic resolutions and economic stability.
The post Iran tightens Strait of Hormuz control, dimming US peace deal 
prospects appeared first on Crypto Briefing.

Iran tightens Strait of Hormuz control, dimming US peace deal prospects

Coinbase says stablecoins settled $33T in 2025, eclipsing Visa’s $16.7T and 
turning on‑chain dollars into the internet’s real‑time, low‑fee payment 
backbone. Coinbase’s official account ignited a fresh round of payments‑wars 
discourse on X with a comparison thread claiming that “$33T…

Stablecoins quietly out‑settle Visa as Coinbase crowns them the internet’s real money

The blockade could lead to increased geopolitical tensions and potential 
military interventions, affecting global trade and energy markets.
The post Iran blockade strands 20,000 seafarers, 2,000 ships in Strait of 
Hormuz appeared first on Crypto Briefing.

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