Bitcoin rose to its highest level in nearly two weeks on Monday after the United States and Iran announced a peace deal expected to reopen the Strait of Hormuz and ease pressure on energy markets.
summary
- Bitcoin rebounded above $65,500 as the US-Iran deal eased oil and inflation fears in the markets.
- ETF outflows and Strategy’s small BTC sale continue to raise doubts about continued institutional demand going forward.
- Technical analysis shows weaker downward pressure, but BTC still needs volume above $68,000 to confirm a recovery.
The move pushed Bitcoin above $65,500, continuing its recovery from last week’s drop below $60,000. According to crypto.news market data, BTC Traded Near $65,759, up about 2.2% over 24 hours, with daily high near $65,893.
Meanwhile, the market reaction followed statements by US President Donald Trump, Pakistani Prime Minister Shehbaz Sharif and Iranian state media confirming that an agreement had been reached.
Trump books Trump said on the Truth Social website that “the agreement with the Islamic Republic of Iran is now complete,” and said that it allowed the reopening of the Strait of Hormuz and the lifting of the US naval blockade. The full text has not been published, and reports said the official signing is scheduled to take place on Friday.
Oil prices fell after this announcement. Brent crude fell more than 4% towards $83 a barrel as traders removed part of the premium that had kept energy prices high since late February.
Lower oil prices could ease inflationary pressures and reduce concerns that central banks may keep interest rates higher for longer. Asian stocks rose, Japan’s Nikkei 225 index advanced towards a record closing level, and US stock futures rose as the dollar weakened.
Bitcoin rebound follows sharp sell-off
Bitcoin was under pressure before the deal. The asset fell below $60,000 last week, its weakest level since October 2024. The decline came as oil remained high, inflation fears increased, and traders pulled money out of risky assets. The peace agreement reversed part of the move, leaving Bitcoin about 9% higher than the low it hit last week.
Bitcoin is now testing the upper limit of the $60,000 to $65,000 support area. The next key area is near $68,000, where sellers may try to halt the recovery. The broader cryptocurrency market has also gained ground. Ethereum rose to around $1,721, Solana traded near $71, XRP approached $1.19, and Hyperliquid’s HYPE coin rose more than 7% to nearly $65.
Coinglass data Show More than 102,000 traders were liquidated over a 24-hour period, with total liquidations approaching $338.3 million. The largest single order was a liquidation of $6.1 million worth of BTCUSDT on Binance.
Technical signals for Bitcoin remain mixed
Bitcoin chart still shows a weak setup for the higher time frame. BTC has been forming lower highs and lower lows since late 2025, and the latest rebound has not reclaimed the $80,000 resistance area. This keeps sellers in control of the broader structure, even as the movement improves in the short term.
The MACD line remains below the signal line, which indicates that the downward momentum has not completely faded away. The chart has turned slightly positive, but the movement is still small.
The RSI stands near 41.8, below the neutral 50 level, while the average RSI is moving near 26.9 points in recent oversold conditions. Volume is also down compared to the larger rally and distribution phases seen in 2024 and 2025. A stronger move above $68,000 will require more volume to confirm demand.
ETF flows and selling strategy remain in focus
The peace deal removes one overall pressure point, but it doesn’t answer every question facing Bitcoin. Spot Bitcoin ETF Outflows remain a concern After US-listed products experienced a long series of recalls between mid-May and early June. As crypto.news previously reported, ETF withdrawals played a major role in the recent Bitcoin pullback.
Selling the strategy also changed the market psychology. Company Sold 32 Bitcoin Between May 26 and May 31 for approximately $2.5 million, proceeds are expected to help fund preferred stock dividends. strategy later He said The transaction was a test of the operation, not a sign of cash pressure.
Additionally, cryptocurrency analyst Crypto Lens offered a more bearish view, saying that BTC has rejected a long-term resistance area and could move towards $48,000 or $43,000 if the downtrend continues. This expectation remains a scenario, not a market consensus.
Right now, Bitcoin needs a clear move above $68,000 to extend the rebound. Failure to hold $60,000 to $65,000 would bring focus back to last week’s low. Traders will also be watching whether ETF flows improve with risk sentiment or remain weak after relief trade with Iran fades.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
