Bitcoin Price Prediction As Iran Officials Are Pessimistic About US Deal Before Midterms

Bitcoin price hovered near $83,700 on Tuesday as the crypto market gained 0.99% over 24 hours to $2.87 trillion. 

Ethereum price held above $2,700, while XRP climbed toward $1.50 and Chainlink price also advanced. 

Recent spot ETF inflows supported sentiment, although uncertainty surrounding U.S.-Iran talks kept broader risks in focus.

Ad

Ad

Iran Officials Pessimistic About US Deal Before Midterms

Iranian officials privately doubt Washington and Tehran will settle their conflict before November’s U.S. midterm elections, according to reports. Any agreement would also need to address shipping through the Strait of Hormuz, a crucial route for global oil supplies.

The sides made little progress during recent meetings in New York, while distrust continues to complicate negotiations. Qatari mediators have spoken separately with both governments about Iran’s proposal to reopen the waterway. 

JUST IN: 🇮🇷🇺🇸 Iranian Foreign Minister Araghchi says “talks with US through mediators has been ongoing, but it is getting serious now.”

“We hope to receive a final response from the US on Tuesday.” pic.twitter.com/MzcNKWo4B8

— BRICS News (@BRICSinfo) September 28, 2026

Foreign Minister Abbas Araghchi said the indirect exchanges had become more serious following Tehran’s latest offer. He hoped Washington would deliver a final response through mediators on Tuesday, leaving the next diplomatic move uncertain.

President Donald Trump previously rejected Iran’s proposal, although he expected further talks this week. Tehran seeks relief from sanctions and restrictions, while Washington wants commitments on Hormuz and Iran’s nuclear program.

Ad

Ad

Bitcoin ETFs Draw $31M as Inflow Streak Reaches Eight Days

The US spot Bitcoin ETFs recorded $31.07 million in net inflows on September 28, according to SoSoValue. 

The result extended their run of positive flows to eight consecutive trading days, SoSoValue reported. Spot Ethereum ETFs took in $17.10 million over the same session, continuing their seven-day inflow streak.

According to SoSoValue, US Bitcoin spot ETFs saw a total net inflow of $31.07 million yesterday (September 28, Eastern Time), marking 8 consecutive trading days of net inflows. Meanwhile, Ethereum spot ETFs recorded a total net inflow of $17.10 million yesterday, marking their… pic.twitter.com/zx8DTSV4a0

— Wu Blockchain (@WuBlockchain) September 29, 2026

Bitcoin funds attracted $13.97 million more than their Ethereum counterparts that day. Both ETF categories posted positive net flows for at least a full trading week, according to the reported figures.

Will Bitcoin Price Break $85,000 or Fall Toward $82,000?

The BTC Price traded at $83,934 on September 29, up 0.22% on the supplied four-hour chart. Bitcoin price remained below $85,000 after retreating from the $86,000 area.

The BTC price has immediate support at $82,000 and resistance at $85,000. A four-hour close above $85,000 could put $86,000 in view, followed by $88,000 as per the detailed Bitcoin price analysis. A drop below $82,000 could instead bring the $80,000 area back into focus.

The relative strength index stood at 50.80, pointing to broadly balanced momentum. The Chaikin Money Flow indicated a buy signal of 0.19 even in the midst of sideways trading. Bitcoin has to ride past $85,000 to make a stronger case for higher targets.