Bitcoin rose to its highest level in nearly two weeks on Monday after the United States and Iran announced a peace deal that is expected to reopen the Strait of Hormuz and ease pressure from energy markets.
The move pushed Bitcoin above $65,500, extending its rebound from last week’s drop below $60,000. According to market data from crypto.news. $BTC The stock rose about 2.2% in 24 hours to trade around $65,759, and its high for the day was around $65,893.
Meanwhile, 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 deal with the Islamic Republic of Iran is complete,” President Trump wrote on Truth Social, saying he approved the reopening of the Strait of Hormuz and the lifting of the U.S. naval blockade. The full text has not been made public, and reports say a formal signing is expected on Friday.
After the announcement, oil prices fell. Brent crude oil fell more than 4% to $83 a barrel as traders eroded some of the premium that had kept energy prices high since late February.
Lower oil prices could ease inflationary pressures and alleviate concerns that central banks will keep interest rates high for an extended period of time. Asian stocks rose, Japan’s Nikkei average rose towards a record close, and U.S. stock futures rose as the dollar weakened.
Bitcoin rebounds after plummeting
Bitcoin was under pressure even before the trade. The asset fell below $60,000 last week, its lowest level since October 2024. The decline came as oil prices continued to rise, inflation concerns grew and traders pulled money out of risk assets. The peace agreement reverses some of that movement, $BTC It is about 9% higher than last week’s low.
Bitcoin is currently testing the upper end of the $60,000 to $65,000 support area. The next important area is around $68,000, where sellers may try to halt the recovery. The broader cryptocurrency market also rose. Ether rose to around $1,721, Solana traded around $71, XRP rose to nearly $1.19, and Hyper Liquid’s HYPE rose more than 7% to nearly $65.
According to CoinGlass data, more than 102,000 traders were liquidated in 24 hours, with total liquidations totaling nearly $338.3 million. The single largest order was a $6.1 million BTCUSDT liquidation on Binance.
Bitcoin technical signals remain mixed
Bitcoin’s chart still shows a weaker setup on higher timeframes. $BTC It has been forming lower highs and lower lows since late 2025, and the recent rally has not reclaimed the $80,000 resistance zone. So even if short-term dynamics improve, sellers will continue to control the broader structure.
The MACD line is still below the signal line, indicating that the bearish momentum is not completely diminished. The histogram has turned slightly positive, but the movement is still small.
The RSI is below the neutral 50 level at around 41.8, but the RSI moving average near 26.9 indicates recent oversold conditions. Volume has also decreased compared to the larger rallies and distribution phases seen in 2024 and 2025. A strong price action above $68,000 would require more volume to confirm demand.
ETF flows and strategy sales remain in focus
While the peace agreement removes one macro pressure point, it does not answer all the questions facing Bitcoin. There continues to be concern about the outflow of spot Bitcoin ETFs, as U.S.-listed products recorded a long period of consecutive redemptions from mid-May to early June. As crypto.news previously reported, ETF withdrawals played a big role in recent trading. $BTC Pull back.
The sale of Strategies also changed market sentiment. The company sold 32 pieces $BTC It will be sold for approximately $2.5 million between May 26 and May 31, with the proceeds to be used to distribute preferred stock. Strategy later said the transaction was a test of its processes and not a sign of cash flow stress.
Additionally, cryptocurrency analyst Crypto Lens took a more bearish view, stating: $BTC It rejects the long-term resistance area and could head towards $48,000 or $43,000 if the downtrend continues. This forecast is just one scenario and is not a market consensus.
Bitcoin was rejected from 5 years of macro resistance for a reason.
History almost perfectly repeats itself again.$BTC is currently following the exact structure I warned you about a few months ago.
Bull trap 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 needs a clean move above $68,000 to extend the rebound. If the $60,000-$65,000 level is not sustained, last week’s lows will come back into focus. Traders are also watching to see whether the risk-on mood will improve ETF flows or whether they will remain weak even after the Iran bailout trade fades.
