Bitcoin, Ethereum, XRP, Dogecoin Flat As Trump In No Hurry To Sign Iran Deal: Analyst Says BTC Needs Weekly Close Above This Level For Bullish Move

💡 Bitcoin and other major cryptos remain flat as the market waits for clarity on Trump's stance on the Iran deal.

The cryptocurrency market is experiencing a state of limbo as investors await clarity on President Trump's stance regarding the Iran deal. The lack of decisive action has led to a flat market, with major cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin unable to gain significant traction.

Market Sentiment Remains Neutral

The market's indecisiveness is a result of the uncertainty surrounding Trump's intentions. Analysts are closely watching the President's move, with many speculating that a decision to sign the deal could lead to a significant bullish move in the cryptocurrency market. However, if Trump decides not to sign the deal, the market could potentially take a bearish turn.

Bitcoin's Key Level for a Bullish Move

For Bitcoin to experience a bullish move, it needs to close above a specific level. According to analysts, a weekly close above $28,000 would be a strong indication of a bullish trend. This level is crucial, as it represents a key resistance point for the cryptocurrency.

XRP and Dogecoin's Flat Performance

While Bitcoin and other major cryptos are experiencing a flat market, smaller cryptocurrencies like XRP and Dogecoin are not faring much better. Both coins are struggling to gain significant traction, with their prices remaining stable but showing no signs of a major upward movement.

What It Means for Investors