Bitcoin Don Reclaim $66K as Trump Point Eye Shipments for Hormuz and ETF Inflows Dey Rise
Bitcoin (BTC) don regain di $66,000 level after US President Donald Trump talk say oil ships dey move through di Strait of Hormuz, and reports show say maybe US and Iran don reach tentative peace agreement.
On June 15, BTC climb about 5% to intraday peak near $66,829 and e dey trade around $66,460 as of press time. Di risk-on bounce come along with sharp drop for crude oil—down about 5.7% to two-month low below $80—wey reduce part of di geopolitical risk premium.
Market positioning shift quick too. Over $168 million in BTC short positions get liquidated as price break back above key resistance near $65,150. CoinGlass data still show about $556.5 million total liquidations in di past 24 hours, with BTC responsible for about $168.7 million of short liquidations.
Spot Bitcoin ETFs give extra support: net inflows reach $85.9 million after five straight withdrawal days. Strategy further boost sentiment by buying 1,587 BTC (about $100 million), after earlier sale wey make people doubt institutional conviction.
Technicals improve. Daily MACD flip to bullish and Chaikin Money Flow recover from deep negative levels. On di 4-hour chart, BTC break descending trendline and push above di 61.8% Fibonacci level near $66,402, with nearby resistance mentioned around $68,640 and $70,880.
But traders dey watch di June 16–17 Federal Reserve meeting. Any sign say inflation still concern fit put pressure on risk assets. Analysts also note say $65,000 na key line: if price fall and stay below am, e fit reopen di $63,200–$64,000 support zone.
Bullish
Dis kain generally dey bullish for BTC for near term because plenti momentum drivers align at di same time: (1) Hormuz shipping risk don cool down (Trump + tentative US–Iran talks) so geopolitical risk drop and general risk appetite rise; (2) spot BTC ETF inflows don return (net +$85.9M), wey dey help support price floors during rebounds; (3) derivatives dey show classic short-squeeze/position unwind—$168.7M for BTC short liquidations—wey fit quicken upside through stop/cover flows; and (4) technical indicators don improve (MACD bullish crossover, Chaikin Money Flow recovery, and reclaim of $65,150 pivot).
For short term, BTC traders fit push toward di resistance bands wey dem mention ($68.6K then $70.9K) because liquidation “magnets” near 67K–68K fit attract price. For long term, confirmation go depend on whether macro conditions allow follow-through—especially di Fed meeting on June 16–17. Similar past patterns: when geopolitical headlines ease and ETF demand come back, BTC rebounds fit often extend, but dem fit fail fast if rates/inflation narrative tighten risk appetite or if BTC lose di reclaimed $65K level. So di bullish bias remain, wit $65K as di key invalidation level.