Bitcoin has settled above $66,000 following a preliminary ceasefire agreement between the US and Iran. President Donald Trump stated that the main document will be signed on June 19.
15-minute BTC/USDT chart from Binance. Source: TradingView.On the evening of June 15, the leading cryptocurrency briefly reached a local high of just over $67,000 but later corrected slightly. At the time of writing, it is trading around $66,500.
Most of the top 10 cryptocurrencies by market capitalization are also showing positive trends. ETH surpassed $1,750 (+3% in 24 hours), SOL returned to $75 (+4%), and HYPE reached $72 (+10%).
Source: CoinMarketCap.According to Associated Press, the deal between Washington and Tehran includes the opening of the Strait of Hormuz and the lifting of the US blockade on Iranian ports. Following this, the parties are expected to engage in 60 days of negotiations regarding Iran's nuclear program and potential easing of sanctions.
However, observers remain cautiously optimistic, as early signs of upcoming challenges have already emerged.
Israeli Prime Minister Benjamin Netanyahu stated that their forces will remain in Lebanon. Iran has also denied the Trump administration's claims about free passage through the strait, asserting that authorities intend to impose "fees."
Cryptocurrency Fear and Greed Index. Source: Alternative.me.Weak Activity
Amid uncertainty regarding the deal, analysts at Swissblock noted low engagement from Bitcoin buyers. The price momentum indicator and OBV show weakness.
Source: X/Swissblock.The price momentum is at -1, and the balance volume has dropped to a multi-year low of -1.7 million.
Swissblock believes that in a bearish phase, momentum weakens first, followed by a decline in OBV, after which the price falls below. A more confident signal for recovery will appear when both indicators return to positive territory. Until then, the risk of forming a new low remains.
Meanwhile, Glassnode observed a decrease in selling pressure and a growing confidence among options traders.
bitcoin:native rebounded from a low near $60K as selling pressure eased and options markets unwound fear. With volume, open interest, and capital flows still weak, the move looks more like stabilization than a confirmed reversal.
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— glassnode (@glassnode) June 15, 2026
"Given the weak trading volumes, open interest, and capital inflow, this movement appears more like stabilization than a confirmed reversal," analysts noted.
It is worth mentioning that Galaxy Research concluded that the current Bitcoin market cycle has not yet reached its bottom, and the price could drop to the range of $40,000 to $46,000.