Trump warns Putin and Iran! Russia must reach a protocol with Ukraine within 12 days, will it affect Bitcoin?

Bitcoin (BTC) bulls and bears continue to battle, currently reporting around $119,000 in the Asian afternoon session today (29th). U.S. President Trump stated that he will shorten the preliminary deadline for Russian President Putin to reach a peace agreement with Ukraine to just 10 to 12 days. Additionally, he hinted that if Iran resumes its nuclear program, the U.S. may swiftly "eliminate" Iran.

With the emergence of these geopolitical issues, the current question is whether the upward trend of Bitcoin is facing risks.

Recall that the President of the United States issued a 50-day ultimatum to Russia, demanding a peace agreement with Ukraine by July 14, or the largest country in land area would face "very severe tariffs."

Earlier today, reports indicated that Trump is disappointed with the lack of progress on this matter. Additionally, he threatened to set a new, shorter deadline, which is less than two weeks, and will announce it tomorrow.

As geopolitical tensions escalate, Trump also addressed the sensitive issue of Iran, stating that Iran has been "sending disturbing signals." According to a blog post by Walter Bloomberg, Trump warned that if Iran resumes its nuclear program, the United States will "swiftly eliminate it."

The price of Bitcoin has historically reacted negatively to Trump's warnings and threats against other countries, especially in situations that could lead to war. After the Iran-Israel conflict ended, the price of Bitcoin reached an all-time high, but the current trading price is several inches lower than that level.

However, if the situation escalates further, its progress may stagnate or even come to a complete halt. From a technical perspective, Bitcoin has encountered resistance at the critical resistance level of $120,000 today, and during the Asian session, it briefly fell to around $118,500, filling a gap on the CME.

(Source: Trading View)