Bitcoin, is the dip an opportunity?... 'Shaken' by Trump-Iran peace proposal

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Bitcoin (BTC) has entered a temporary correction phase, giving up the $77,000 mark due to profit-taking sales following the easing of geopolitical tensions.

According to a report by virtual asset media outlet Benzinga on April 28 (local time), the market is focusing on the Trump administration's Iran peace agenda. As US President Donald Trump put forth a new proposal, risk asset preference shifted. Major coin prices, including Bitcoin and Ethereum (ETH), uniformly showed weakness. It is interpreted that short-term profit-taking sales poured out as geopolitical risk factors, which had been reflected in prices, were resolved.

Virtual asset analyst Rex-Osprey diagnosed this decline as a healthy correction, explaining that it is an essential process that occurs before a large-scale upward rally. Osprey analyzed that Bitcoin still maintains an upward bias. Currently, Bitcoin has established very strong technical support. This correction is expected to be an opportunity to calm overheated sentiment and condense energy.

Ethereum and XRP also followed Bitcoin's trend and declined. For Ethereum, whether it can hold the $2,300 support line will be a watershed moment determining its future direction. For XRP, buyers and sellers are fiercely contending at the $1.4 mark. Dogecoin (DOGE) also temporarily retreated after reclaiming $0.1. The recovery speed of altcoins depends on whether Bitcoin can firmly establish its support line.

Experts analyze that the impact of the Trump administration's foreign policy changes on the market is complex. Reduced war risk may partially diminish Bitcoin's appeal as a safe-haven asset. However, the resumption of economic activity is a positive factor that injects vitality into the overall virtual asset ecosystem. Benzinga cited on-chain data indicating that institutional investors are utilizing the current price drop as a buying opportunity. The market's underlying strength remains robust.

After digesting geopolitical news, the virtual asset market is expected to refocus on supply and demand data. Fund inflows through Bitcoin spot ETFs are steadily continuing. The deepening supply shortage after the halving also supports a strong bullish outlook. Investors are using the volatility of the last week of April as an opportunity for risk management. The prevailing assessment is that a mid-to-long-term bullish perspective remains valid.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*