Bitcoin price has fallen below $80,000 as traders reacted to renewed uncertainty around U.S.-Iran negotiations and rising signs of profit-taking after a sharp rally earlier in the week. At press time, the BTC price was trading near $79,840, down about 1.76% over 24 hours, after reaching an intraday high of about $81,705. The move pulled Bitcoin back from levels above $81,000 and placed the market near a key psychological support zone. The latest decline came after Iranian official Mohsen Rezaei said Tehran would not accept a U.S. proposal to reopen the Strait of Hormuz unless the plan included reparations for war damage. He described the U.S. framework as “unrealistic” and said Iran would not accept symbolic concessions. The Strait of Hormuz remains central to market attention because a large share of global oil shipments passes through the waterway. Any delay in reopening the route can affect energy prices, inflation expectations and investor appetite for risk assets, including Bitcoin. Iran Response Pressures Risk Assets Reports said the United States and Iran remain in a fragile ceasefire while negotiators discuss a possible framework to end the conflict that began earlier this year. The proposed agreement reportedly includes a 12-to-15-year moratorium on Iranian uranium enrichment, the lifting of some sanctions and steps to reopen the Strait of Hormuz. Iranian officials have pushed back against parts of the proposal. Tehran has reportedly sought broader sanctions relief, compensation for war damage and recognition of its authority over transit through the Strait. U.S. officials have rejected any structure that would require ships to pay Iran for passage through international waters. Secretary of State Marco Rubio has said Washington would not accept a toll system for vessels moving through the channel. The diplomatic dispute weighed on sentiment after earlier reports of progress had supported Bitcoin and other risk assets. President Donald Trump also warned that U.S. bombing could resume at a higher level if no final deal is reached. Bitcoin Profit-Taking Rises After Rally Bitcoin’s pullback also came as on-chain data showed traders taking profits after a strong move from early April lows. CryptoQuant reported that BTC had climbed about 37% since the start of April before reaching a three-month high. Daily realized profits rose to 14,600 BTC on May 4, the highest level since December 10, 2025, according to the data cited by analysts. The Short-Term Holder SOPR also moved to 1.016, showing that newer holders were selling coins at a profit. Bitcoin holders were also realizing net profits on a 30-day basis for the first time since December 22, 2025. That marked a shift from heavy net losses recorded in February and March, when the rolling figure reportedly fell as low as minus 398,000 BTC. Source: CryptoQuant Traders’ unrealized profit margin reached about 18%, the highest level since June 2025. Analysts said similar conditions have often increased the chance of more distribution as holders become more willing to lock in gains. Profit-taking does not always lead to an immediate correction. Perpetual futures demand remains active, spot demand has not collapsed, and exchange inflows remain muted compared with past sell-off phases. Key Bitcoin Price Levels Shift to $75,000 and $86,500 Technically, Bitcoin remains near a decision area after clearing short-side liquidity between $80,000 and $84,000. Market analyst Ali Martinez said major liquidity pools are now located near $75,000, $73,000, and $70,000. Bitcoin is also trading near its 200-day exponential moving average, reported around $82,162. That area has acted as resistance as BTC struggles to hold above the $80,000 to $82,000 range. Analyst Michaël van de Poppe said Bitcoin price may be consolidating after several days of upward momentum. He noted that assets often move in waves and that the broader trend can remain intact during short-term pauses. Source: X The $79,000 to $80,000 region is now in immediate support. A drop below that area could bring the $73,000 to $74,000 zone back into focus. That lower range is viewed as an important higher-low area for the current recovery structure. On the upside, traders are watching the $86,500 resistance zone. A confirmed break above that level could open a path toward $90,000 to $92,000, where another supply zone is expected.