Wintermute: BTC's path to $74K hinges on macro events over next 5 days

Crypto market maker Wintermute noted in a weekly report that macroeconomic developments over the next five days will be crucial for Bitcoin's continued rebound. The analysis follows U.S. President Donald Trump's decision to delay an airstrike on an Iranian power plant by five days, signaling a willingness to negotiate an end to the war. Wintermute stated that this move helped restore risk-on sentiment, allowing BTC to reclaim the $70,000 level. However, the firm cautioned that the Federal Reserve's 'higher for longer' interest rate policy continues to weigh on Bitcoin. According to the report, if there are improvements in the logistics situation in the Strait of Hormuz or if Iran signals a willingness to negotiate, BTC could re-challenge the $74,000-$76,000 resistance zone. Conversely, a breakdown in talks or continued maritime transport restrictions would likely heighten oil price risks, potentially sending BTC to retest its support in the mid-$60,000 range.