Bitcoin Price Prediction: Iran Deal Sends BTC to Two-Week High as Coinbase CEO Calls $60K the Bottom

• BTC trades at $65,437 after bouncing 9% from last week’s sub-$60,000 low following the US-Iran peace deal
• Volume surged 63.81% to $47.95B with $116.96M in short liquidations over 24 hours dwarfing $19.51M in longs
• Coinbase CEO Brian Armstrong publicly called $60,000 a likely bottom and confirmed he remains long Bitcoin

Bitcoin trades at $65,437 on June 15, its highest level in nearly two weeks, after the US and Iran reached a deal to end hostilities and reopen the Strait of Hormuz, pulling the energy-supply premium out of oil and sending risk assets sharply higher across every market.

BTC Daily Chart: Price Bounces Into a Cluster of FVGs With MACD Crossing Bullish

The daily chart shows BTC recovering from last week’s sub-$60,000 low into a dense zone of Fair Value Gaps stacked between $71,898 and $75,574. The 0.382 Fibonacci retracement sits at $71,898 and the 0.5 level at $75,574, with both acting as the first meaningful targets if the current rally holds.

MACD is the most important signal on this chart right now. The lines are crossing bullish from deeply negative territory, with the histogram printing green bars for the first time since April. The last time MACD crossed from this depth was February 2026, which preceded a recovery toward $95,000. That does not guarantee a repeat but it is the clearest momentum shift the daily chart has shown in months.

BTC Key Levels for June 16

• Resistance: $71,898 (0.382 Fib and FVG zone), $75,574 (0.5 Fib)
• Support: $63,722 (pre-deal low), $60,000 (recent cycle low)

Coinbase CEO Says BTC Has Probably Bottomed

Brian Armstrong told followers he believes Bitcoin has likely bottomed around the $60,000 level, called it the new digital gold, and confirmed he remains long as always. 

Armstrong added he expects a much higher price by 2030. The public statement from the CEO of the largest US crypto exchange lands at a moment when sentiment is rebuilding after weeks of fear.

Why the Iran Deal Changed Everything for BTC in One Session

Bitcoin dropped below $60,000 last week under pressure from two directions simultaneously. Iranian tensions kept oil elevated, which reinforced rate hike expectations, which pulled money out of risk assets. Pakistani Prime Minister Shehbaz Sharif announced the deal first, followed by Trump and Iranian state media. Brent crude slumped over 4% toward $83 a barrel as the geopolitical premium unwound immediately.

Bitcoin’s 2.1% move to $65,844 came alongside Ether rising 2.5%, Solana gaining 3.6%, and HYPE leading all majors at 7.5%. Asian stocks jumped over 3% with Japan’s Nikkei heading for a record close. The macro trade reversed in a single session.

Two demand questions remain unanswered by the peace deal. Strategy’s disclosure that it sold 32 Bitcoin to fund preferred share dividends earlier this month shook the market’s assumption that Saylor would never sell. ETF outflows have not reversed yet. Whether institutional flows follow the risk-on mood or stall once the Iran relief trade fully prices in is the key watch for this week.

BTC Derivatives: Shorts Got Squeezed Hard

Volume jumped 63.81% to $47.95B confirming genuine participation in the move rather than low-liquidity drift. Open interest rose 3.21% to $48.78B, new positions being added into the rally. The long/short ratio of 1.03 leans slightly bullish.

Over 24 hours, $116.96M in short positions were liquidated against just $19.51M in longs. Bears absorbed nearly six times more pain than bulls in a single session, the clearest short squeeze signal the derivatives market has shown since the sub-$60,000 bounce began.

Bitcoin Price Prediction for June 16, 2026

• Upside: A daily close above $67,000 and a hold into the FVG zone targets $71,898. Sustained short liquidations and ETF inflow reversal would accelerate the move toward $75,574.
• Downside: A rejection at $67,000 and a close back below $63,722 signals the Iran relief bounce has been fully priced and reopens the path toward $60,000 if institutional outflows resume.