Bitcoin rose to its highest stage in almost two weeks on Monday after america and Iran introduced a peace deal that’s anticipated to reopen the Strait of Hormuz and ease stress from power markets.
The transfer pushed Bitcoin above $65,500, extending its rebound from final week’s drop beneath $60,000. In keeping with market information from crypto.information. $BTC The inventory rose about 2.2% in 24 hours to commerce round $65,759, and its excessive for the day was round $65,893.
In the meantime, markets reacted to statements from US President Donald Trump, Pakistani Prime Minister Shehbaz Sharif and Iranian state media confirming a deal had been reached.
“The cope with the Islamic Republic of Iran is full,” Trump wrote on Fact Social, including that he authorized the reopening of the Strait of Hormuz and the lifting of the U.S. naval blockade. The complete textual content has not been made public, and reviews say a proper signing is predicted on Friday.
After the announcement, oil costs fell. Brent crude oil fell greater than 4% to $83 a barrel as merchants eroded a number of the premium that had stored power costs excessive since late February.
Decrease oil costs may ease inflationary pressures and alleviate issues that central banks will maintain rates of interest excessive for an prolonged time frame. Asian shares rose, Japan’s Nikkei common rose in the direction of a report shut, and U.S. inventory futures rose because the greenback weakened.
Bitcoin rebounds after plummeting
Bitcoin was underneath stress even earlier than the commerce. The asset fell beneath $60,000 final week, its lowest stage since October 2024. The decline got here as oil costs continued to rise, inflation issues grew and merchants pulled cash out of threat property. The peace settlement reverses a few of that motion, $BTC It’s about 9% greater than final week’s low.
Bitcoin is at present testing the higher finish of the $60,000 to $65,000 assist space. The following vital space is round $68,000, the place sellers could attempt to halt the restoration. The broader cryptocurrency market additionally rose. Ether rose to round $1,721, Solana traded round $71, XRP rose to almost $1.19, and Hyper Liquid’s HYPE rose greater than 7% to almost $65.
In keeping with CoinGlass information, greater than 102,000 merchants liquidated in 24 hours, with complete liquidations totaling almost $338.3 million. The one largest order was a $6.1 million BTCUSDT liquidation on Binance.
Bitcoin technical alerts stay combined
Bitcoin’s chart nonetheless exhibits a weaker setup on greater timeframes. $BTC It has been forming decrease highs and decrease lows since late 2025, and the current rally has not reclaimed the $80,000 resistance zone. So even when short-term dynamics enhance, sellers will proceed to manage the broader construction.
The MACD line remains to be beneath the sign line, indicating that the bearish momentum will not be utterly diminished. The histogram has turned barely optimistic, however the motion remains to be small.
The RSI is beneath the impartial 50 stage at round 41.8, however the RSI transferring common close to 26.9 signifies current oversold circumstances. Quantity has additionally decreased in comparison with the bigger rallies and distribution phases seen in 2024 and 2025. A powerful worth motion above $68,000 would require extra quantity to substantiate demand.
ETF flows and technique gross sales stay in focus
Whereas the peace settlement removes one macro stress level, it doesn’t reply all of the questions dealing with Bitcoin. There continues to be concern in regards to the outflow of spot Bitcoin ETFs, as U.S.-listed merchandise recorded an extended interval of consecutive redemptions from mid-Could to early June. As crypto.information beforehand reported, ETF withdrawals performed an enormous function in current buying and selling. $BTC Pull again.
The sale of Methods additionally modified market sentiment. The corporate bought 32 items $BTC Will probably be bought for about $2.5 million between Could 26 and Could 31, with the proceeds for use to distribute most popular inventory. Technique later stated the transaction was a check of its processes and never an indication of money circulate stress.
Moreover, cryptocurrency analyst Crypto Lens took a extra bearish view, stating: $BTC It rejects the long-term resistance space and will head in the direction of $48,000 or $43,000 if the downtrend continues. This forecast is only one situation and isn’t a market consensus.
Bitcoin was rejected from 5 years of macro resistance for a motive.
Historical past is repeating itself nearly completely once more.$BTC is at present following the precise construction I warned you about a number of months in the past.
Bull lure to $82,000 → Rejection → Dump to $59,000
$BTC path:
$65,000 → $68,000 → $53,000 → $48,000 → $43,000… https://t.co/g1FsNM9KDx pic.twitter.com/5wFJFz8zm7— Crypto Lens (@crypto_lens_) June 15, 2026
For now, Bitcoin wants a clear transfer above $68,000 to increase the rebound. If the $60,000-$65,000 stage will not be sustained, final week’s lows will come again into focus. Merchants are additionally watching to see whether or not the risk-on temper will enhance ETF flows or whether or not they are going to stay weak even after the Iran bailout commerce fades.
