Bitcoin jumped to $65,437 on June 15, reaching its highest price in nearly two weeks after the United States and Iran finalized a deal that ended hostilities and reopened the Strait of Hormuz, eliminating the oil‑supply premium and lifting risk assets across the market.
Technical Chart Overview
The daily chart shows Bitcoin rebounding from last week’s sub‑$60,000 trough into a dense cluster of Fair Value Gaps ranging from $71,898 to $75,574. Both the 0.382 Fibonacci retracement at $71,898 and the 0.5 level at $75,574 now serve as the first significant resistance zones if the rally sustains.
Momentum indicators highlight a bullish MACD crossover emerging from a deep negative zone, with the histogram turning green for the first time since April. The last comparable crossover occurred in February 2026 and preceded a surge toward $95,000, suggesting a notable shift in market sentiment.
Key Support and Resistance Levels
Resistance currently clusters around $71,898, aligning with the 0.382 Fibonacci line and the lower edge of the Fair Value Gap, while the next hurdle sits near $75,574, the 0.5 Fibonacci mark. On the downside, the chart identifies $63,722 as the pre‑deal low and $60,000 as the recent cycle low, both acting as potential support for investors.
Coinbase CEO Brian Armstrong tweeted that Bitcoin has probably bottomed around the $60,000 threshold, labeling the cryptocurrency as the new digital gold and reinforcing confidence among crypto investors.
Investor Outlook
With the geopolitical risk removed, investors are watching the price action closely, expecting the blockchain asset to test the identified resistance zones. Should Bitcoin maintain its momentum, the next target could extend beyond $75,000, while a breach of the $60,000 support might trigger renewed caution in the market.