Bitcoin Nears $66K as US-Iran Deal Fuels Rally Amid Fading Momentum

Bitcoin has climbed from sub-$59,500 lows on June 9 to trade around $65,500-$66,800 by mid-June, driven by rapid progress on a US-Iran peace deal. The rally accelerated after Iran called the MOU “never been closer” on June 12, Trump confirmed the agreement and Hormuz reopening on June 13, and Pakistan’s PM set a June 19 signing date. Spot Bitcoin ETFs posted $85.85 million in net inflows while Scaramucci and Novogratz raised $70,000 targets for July. However, the latest analysis shows weakening momentum, declining volumes, and a potential peak near $67.3K as the Fed meeting looms.