Bitcoin rebounds as U.S.-Iran agreement boosts market sentiment

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Bitcoin rebounds as U.S.-Iran agreement boosts market sentiment

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Mykhailo Ihnatenko

8 hours ago

Bitcoin rebounds as U.S.-Iran agreement boosts market sentiment

Bitcoin managed to stabilize after experiencing the second-largest selloff of 2026. Strong support at $60,000, combined with positive developments in the Middle East, helped improve market sentiment.

The United States and Iran announced a ceasefire agreement and the lifting of the maritime blockade, with the Strait of Hormuz expected to reopen to commercial shipping.

According to Iranian officials, a 60-day negotiation period on a final agreement will begin after the memorandum is formally signed, including discussions on asset unfreezing and sanctions relief.

Details of the deal remain limited, and investors will likely need to wait until June 19 for greater clarity. Risks of renewed hostilities remain, as Israel is not a party to the agreement. Nevertheless, optimism surrounding a potential resolution of the conflict has strengthened buying interest across financial markets.

Against this backdrop, oil prices fell by more than 10%, which could significantly reduce inflationary pressure. However, any impact on inflation data is likely to take several months to materialize, as CPI figures typically reflect changes in energy prices with a time lag.

Meanwhile, according to SoSoValue, spot Bitcoin ETFs recorded their first meaningful inflow in nearly a month, attracting approximately $85.8 million in fresh capital.

Bitcoin holds support, but buyers remain cautious

Bitcoin successfully defended the key $60,000 support level. However, it is still too early to talk about a full recovery while the price remains below the $70,000–$72,000 resistance zone.

There is still little evidence of significant new demand from investors or leveraged traders.

For now, the recent rebound appears to be driven primarily by short covering rather than genuine buying interest.

The expected trading range for today is between $65,000 and $66,500, where local support and resistance levels are concentrated. Supported by positive news flow, Bitcoin could continue advancing for another two to three days.

Fed decision becomes Bitcoin's next major test

The key event of the week will be the Federal Reserve's interest rate decision on June 17.

Market participants widely expect the Fed to leave rates unchanged. However, greater attention will be focused on the central bank's press conference, which could provide important clues regarding policymakers' views on the current state and future outlook of the U.S. economy.

Historically, major Bitcoin reversals have often occurred only after full market capitulation and seller exhaustion.

At this stage, such conditions are not yet visible. Institutional demand remains relatively weak, and many investors continue using price rallies as opportunities to reduce their exposure.

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