Bitcoin Weekly: 5 Things Driving the $69K Debate

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Bitcoin gained bullish short-term BTC price targets with $69,000 on the radar thanks to the US-Iran peace deal, due to be signed in the coming days.

Bitcoin (BTC) starts the third week of June with a spring in its step as the US-Iran peace deal sends risk assets higher.

Bitcoin price action targets $66,000 as US stock futures soar and oil approaches its lowest levels since early March.

Traders see $69,000 as a likely short-term BTC price target.

The Federal Reserve interest-rate decision is under the microscope thanks to new Chair Kevin Warsh.

Bitcoin whales have reversed their selling mentality, putting in a “rock-solid floor” near $60,000.

Overall demand weakness raises questions over a bull-market comeback.

Oil price drops below $80 as Iran peace countdown begins

The US-Iran war is again the center of attention for traders this week as a peace deal appears closer than ever.

Developments over the weekend initially included a Sunday deadline for signing off on a ceasefire, but this subsequently became Friday.

Multiple sources then confirmed that the US and Iran would sign an agreement for a 60-day pause in hostilities, along with various other measures, in Switzerland on Friday.

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