Donald Trump said earlier today that he will reduce the first deadline for Russian President Vladimir Putin to reach a peace agreement with Ukraine to just 10-12 days. Moreover, he hinted that the US can quickly ‘wipe out’ Iran if the country in the middle -east starts its nuclear program again.
With the rise of these geopolitical issues, the question now arises as to whether the upward trend of Bitcoin is in danger.
Remember that the POTUs have set a 50-day ultimatum for Russia to conclude a peace agreement with Ukraine on July 14, otherwise the largest nation will be confronted with “very serious rates” by land mass.
Earlier today, reports emerged that Trump was disappointed by the lack of any progress that was made in that area. Moreover, he threatened that there will be a new, shorter deadline for less than two weeks announced Tomorrow.
Trump on Russia: I’m going to create a new deadline for about 10 or 12 days from today
Trump on Russia: we just don’t see any progress made
– *Walter Bloomberg (@Deitaone) July 28, 2025
Building on the geopolitical tension, Trump also touched the sensitive Iranian subject, because the country “has broadcast falsified signals.” According to Walter Bloomberg’s post, Trump warned That when Iran restarts his nuclear program, the US “waking it away quickly”.
The price of Bitcoin has traditionally responded negatively to Trump’s warnings and threats against other countries, especially if there is a possible war. It tapped a new all time after the end of the conflict in Iran-Israel and now exchanges centimeters underneath.
However, its progress could block or be stopped as a whole if there is further escalation on every front. From a technical point of view, BTC was already rejected today at a crucial resistance at $ 120,000, which pushed it to the south until around $ 118,500 from now on, where it filled one of the CME holes.
#Bitcoin refuses again at the crucial resistance.
There is still a cme gorge up to $ 118,500.
It would not surprise me with a small correction before we continue to new Aths. pic.twitter.com/GKNMQ3CV69
– Michaël van de Poppe (@Cryptomichnl) July 28, 2025
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