Bitcoin Nears $67,000 on Iran Peace Deal Hopes, but Traders Eye Resistance

Bitcoin climbed to near $67,000 as hopes for a peace agreement between the US and Iran lifted demand for risk assets. The rebound extended as sentiment improved across broader markets, though traders are also watching for the cryptocurrency to stall again at a key resistance zone.

Cointelegraph reported that the advance was fueled by expectations that a US-Iran peace deal could bolster risk appetite across markets. US stocks also rose after details emerged of an Iranian ceasefire agreement scheduled to be signed later this week.

Earlier on June 15, President Donald Trump wrote on Truth Social that ship traffic through the Strait of Hormuz was already increasing. "Ships are starting to move, and many are coming out of the Strait of Hormuz loaded with oil," he wrote.

Traders remain split on whether Bitcoin can sustain the rebound. Trader Killa wrote on X that "this week will be very interesting" and flagged the potential for resistance above $67,000.

Trading account JDK Analysis said it was still too early to call a definitive bottom. A break above major resistance and a return to a previous value area have opened the way for a bigger upside move, it said. Still, a strong bottom will take time to form, volatility may persist, and a major liquidity zone below has yet to be absorbed.

The options market is also showing conditions that could support short-term price stability. On-chain analytics firm Glassnode said Bitcoin is re-entering a dense options positioning area around $65,000 after the rebound. When prices move into such zones, dealer hedging flows can support the market and help stabilize prices after periods of elevated volatility.

There are also early signs of demand recovery. Glassnode said accumulation trend scores across several wallet cohorts have risen since Bitcoin fell to $60,000. That suggests supply is being absorbed as investors re-enter the market.

The key near-term test for Bitcoin is whether it can break above resistance near $67,000 and hold those levels. Recovering risk appetite and support from options-market flows are positive signals, but caution remains warranted on chasing the rally because lower liquidity zones remain and resistance could be tested again.