Bitcoin, Ethereum, XRP, Dogecoin Gain as Trump Touts 'Good Meeting' With Iran: Analyst Says BTC 'Sitting' Above Strong Support

Leading cryptocurrencies ticked higher on Tuesday as investors digested President Donald Trump’s latest remarks on Iran peace negotiations.Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:26 p.m. EDT)Bitcoin +1.10%$86,640.83Ethereum +0.70%$2,767.86XRP +0.90%$1.59Solana +0.20%$118.97Dogecoin +0.30%$0.1024Crypto Market StabilizesBitcoin faced resistance near the upper-$86,000 range after climbing above $87,000 the previous day. Ethereum oscillated in the $2,700 region, while XRP and Dogecoin held on to their gains.Over $266 million was liquidated from the cryptocurrency market in the last 24 hours, as short positions suffered heavier losses than long bets, according to Coinglass data.Bitcoin’s open interest rose 0.85% over the last 24 hours. Binance’s retail derivatives traders held a net short position on Bitcoin, while whales marginally increased their long exposure.Market sentiment cooled from “Extreme Greed” to “Greed,” according to the Crypto Fear & Greed Index.Top Gainers (24 Hours)CryptocurrencyGains +/-Price (Recorded at 9:26 p.m. EDT)Bitcoin Cash (BCH) +29.00% $342.11Uniswap (UNI) +17.70% $10.63Bitway (BTW) +18.40% $0.8967The global cryptocurrency market cap today is $3.03 trillion, marking a 0.5% change in the last 24 hours. Read Also: Bitcoin Just Hit a Seven-Month High. The Analyst Calling the Bottom Expects a Pullback Nasdaq Rises to New RecordStocks delivered a mixed performance on Tuesday. The Dow Jones Industrial Average fell 185.14 points, or 0.36%, to end at 51,863.39. The S&P 500 closed near flat at 7,764.64. The tech-focused Nasdaq Composite rallied 0.5% to close at a new record of 27,244.27.Investors remained on edge as Trump sent mixed signals on Iran. He told reporters that U.S. officials had a “very good” meeting with the Iranian delegation at the United Nations General Assembly.During the UNGA address, Trump said he has a “big decision” to make, whether to make a deal with Iran or “annihilate” the country.Bitcoin to Reclaim $100,000?Cryptocurrency analyst Ali Martinez identified Bitcoin’s “strong support” at $84,569, with additional support near $77,000, citing the Unspent Transaction Output Realized Price Distribution chart.The indicator maps out the exact price levels where existing coin supplies last moved or were acquired on-chain.“With support below, overhead resistance is thinning out,” Martinez added. “The next major URPD resistance sits near $104,765, where roughly 283,000 BTC were traded.”4/6 Meanwhile, Bitcoin is sitting above strong support at $84,569, where nearly 600,000 were previously traded. A second major demand zone sits near $77,000.With support below, overhead resistance is thinning out. The next major URPD resistance sits near $104,765, where… Michaël van de Poppe, another widely followed cryptocurrency commentator, anticipated Bitcoin’s potential liquidity sweep to $84,000“If the markets are giving me this opportunity, that’s where you’ll need to be getting interested in potential longs,” Van De Poppe added.At some point, I'm going to be getting this sweep of the $84,000 level on .I'm just putting it out here.If the markets are giving me this opportunity, that's where you'll need to be getting interested in potential longs. Read Also: Gary Cardone Made $750,000 on Strategy's STRC Instead of Bitcoin, Says He'll Buy BTC at $70,000 Photo Courtesy: vinnstock on Shutterstock.com