BTC Jumps on US-Iran Peace Deal, Traders Watch $64K Break and Fed/FOMC

Bitcoin (BTC) spiked to a multi-week high just above $66,000 after the US and Iran announced a peace deal expected to be officially signed on June 19. Analysts say the move hinges on whether BTC can hold above key levels. Bullish takes: Jelle expects relief if BTC stays above $63,000–$64,000. Ali Martinez points to a break over $64,360 resistance and a potential rise toward $67,630 if momentum holds. Ted adds that holding above $65,000 could push toward $70,000, but warns there isn’t enough strength yet to confirm the scenario. Bearish cautions: other analysts argue the cycle bottom is not in. One view targets a final bottom near $50,000, while a 4-year-cycle perspective warns of potential downside after another lower high, possibly toward $55K by Q3. Whale activity also raises risk: large investors reportedly cut holdings by 70,000+ BTC in the past month, which may signal weakening conviction and set up another correction. Traders’ key catalyst: this week’s Fed decision and the June 17 FOMC meeting (with Chair Kevin Warsh’s debut). Expectations call for rates to remain at 3.5%–3.75%, but any hawkish/dovish hints could drive volatility across crypto, including BTC.