Bitcoin Price Prediction as Trump Rejects Iran’s 7-day Ceasefire Proposal

Bitcoin (BTC) price is up today despite US President Donald Trump saying that he will reject a seven-day ceasefire proposal by Iran and will instead resume strikes after the November mid-term elections.

Data from CoinGlass also shows that liquidations across the crypto market reached $255 million on September 26, with Bitcoin recording the highest liquidations of $63 million.

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Bitcoin Holds Steady as US-Iran Tensions Escalate

A recent report by CoinGape noted that Iran’s Foreign Minister, Abbas Araghchi, offered the US a 7-day ceasefire plan to end the war and to reopen the Strait of Hormuz.

However, the Wall Street Journal reports that President Trump has rejected that proposal, a move that pushed Bitcoin price to $83,000.

The report noted that President Trump doubts that Iran will meet his demands for a ceasefire, adding that he said he will resume bombing the country after the upcoming elections. The US has also informed Iran that Trump will not lift the naval blockade.

Bitcoin price recorded a slight drop from $84,100 to $83,900 after the report, before rebounding to $84,000 at the time of writing.

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BTC ETFs Record Highest Weekly Inflows Since October 2025

Data from SoSoValue shows that there were $2.39 billion in inflows to BTC ETFs in the week between September 21 and September 25.

These inflows coincided with optimism that the US and Iran would agree to reopen the Strait of Hormuz and end the seven-month-long conflict after world leaders converged in New York for the United Nations General Assembly. This optimism also pushed Bitcoin price to $87,000.

The iShares Bitcoin Trust by BlackRock recorded $1.16 billion in inflows during the week. The Fidelity Wise Origin Fund also recorded inflows of $701 million, with this being the highest weekly inflow that the FBTC ETF has seen since September 2025.

BTC Outflows From Binance Soar as FOMO Builds

Data from CryptoQuant shows that 2,000 BTC have left Binance every week on average. Binance also recorded a single-day outflow of 13,800 recently, with this being the biggest daily outflow since 2023.

CryptoQuant analyst Darkfost notes that Binance reserves have also dropped from 705,000 BTC to 685,000 BTC. This drop suggests that more investors are choosing to hold Bitcoin rather than sell.

Darkfost adds that the outflows could be caused by “latecomer investors” who expected Bitcoin price to drop after the recent gains, but it instead moved above $85,000.

Bitcoin Price Remains Above Key Support Despite Recent Dip

Bitcoin price remains above the support at the 78.6% Fib of $82,121 despite the recent drop caused by escalating geopolitical tensions.

The one-day chart also shows that BTC is creating a bull flag that often precedes a bullish future Bitcoin outlook.

If Bitcoin moves to $82,000 and buying pressure from traders who missed the previous gains rises, the price might begin another uptrend towards $87,000.

However, if Bitcoin price closes below the support at $82,000, it could drop to the 61.8% Fib of $77,900.

The MACD line that is positive and above the signal line suggests that the momentum is still favoring bulls despite the recent dip. This suggests the ongoing dip could be a slight correction before gains resume.