Bitcoin Price Forecast: Stalled US–Iran Talks Delay BTC Breakout Toward $100K

A successful rebound from this area would strengthen the case for another push toward the bull flag’s measured target near $98,000, roughly 18% above current levels.

A sustained move back beneath roughly $78,000-$79,000 would suggest the breakout has failed, increasing the risk of a deeper retracement toward the $74,000-$75,000 support area.

Short-Term Holder Profitability Supports the Bullish Case

Bitcoin’s on-chain structure also supports the broader bullish setup.

At around $84,500, BTC is trading above the estimated cost basis of its major short-term holder cohorts. The 1-4 week cohort sits near $78,300, while the 1-3 month and 3-6 month cohorts are positioned around $66,300 and $72,300, respectively, according to data resource CryptoQuant.