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Analyst Says BTC ‘At Least Close’ To Forming A Bottom

cryptonews100_tggfrn by cryptonews100_tggfrn
June 16, 2026
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Analyst Says BTC ‘At Least Close’ To Forming A Bottom
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Main cryptocurrencies rose alongside shares on Monday as traders embraced a risk-on temper following the declaration of a peace deal with Iran.

Cryptocurrency

24-Hour Positive aspects +/-

Worth (Recorded at 9:15 p.m. EDT)

Bitcoin (CRYPTO: BTC)

+1.22%

$66,245.35

Ethereum (CRYPTO: ETH)
               

+4.37%

$1,791.24

XRP (CRYPTO: XRP)                         

+4.46%

$1.23

Solana (CRYPTO: SOL)                         

+4.59%

$74.12

Dogecoin (CRYPTO: DOGE)             

-0.83%

$0.08790

Crypto Market Positive aspects Momentum

Bitcoin prolonged good points, rising to an intraday excessive of $67,248 as buying and selling quantity jumped 40% during the last 24 hours. Ethereum topped $1.800 whereas XRP was up 4.5% from the day gone by.

Cryptocurrency-related shares additionally lifted, with Technique Inc. (NASDAQ:MSTR) and Bitmine Immersion Applied sciences Inc. (NYSE:BMNR) closing up 5.78% and 6.21%, respectively.

Over $480 million was liquidated from the market within the final 24 hours, predominantly in brief bets, according to Coinglass knowledge. Notably, greater than $300 million in Bitcoin quick positions have been prone to liquidation if the apex cryptocurrency rose to $70,000.

In the meantime, Bitcoin’s open curiosity rose 2.06% within the final 24 hours, suggesting an inflow of recent cash into the futures market.

Prime Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)

Positive aspects +/-

Worth (Recorded at 9:15 p.m. EDT)

Jito (JITO)

+28.12%

  $0.7178

Uniswap (UNI)                   

+17.13%

  $3.01

LayerZero (ZRO)              

+15,26%

  $1.10

The worldwide cryptocurrency market capitalization stood at $2.27 trillion, following a rise of 1.59% during the last 24 hours.

Learn Additionally: Fake Interest, Real Losses: Deconstructing The Crypto Yield Illusion

Shares Enter File Territory

The inventory market began the brand new buying and selling week on a excessive. The S&P 500 climbed 1.65% to 7,554.29,  whereas the tech-heavy Nasdaq Composite surged 3.07% to shut at 26,683.94. The Dow Jones Industrial Common gained 468.77 factors, or 0.92%, for a document shut of 51,671.03.  

The rally adopted President Donald Trump’s declaration that the peace deal with Iran is “complete” and that the Strait of Hormuz is open for regular visitors. The deal is because of be signed in Switzerland on June 19.

Pullback: A Lengthy-Time period Shopping for Alternative?

Broadly adopted cryptocurrency analyst and dealer Michaël van de Poppe mentioned that Bitcoin has entered a zone the place one’d wish to be accumulating positions “over an extended interval.”

“It doesn’t imply we’ll be bottoming out right here, however we’re no less than shut, and the ROI of shopping for right here has traditionally been unbelievable,” the analyst mentioned. “That’s primarily why I’m not promoting positions and as an alternative wish to stick to them as a complete.”

#Bitcoin has hit the quantile the place you’d wish to be accumulating positions over an extended interval.

– Touched the 200-Week MA.
– Within the decrease quantile of valuations, which traditionally has been making a low on this area.

It doesn’t suggest we’ll be bottoming out right here, however we’re… https://t.co/OZk1aRA0Zt

— Michaël van de Poppe (@CryptoMichNL) June 15, 2026

On-chain analytics agency Santiment mentioned the most recent rally appears to be pushed “as a lot by expectations as by present fundamentals.”

“If inflation pressures ease and institutional traders lastly start feeling extra snug themselves, the sharp good points following this announcement might find yourself wanting much less like a one-day reduction rally and extra just like the opening chapter of a a lot bigger bull cycle,” the analysis agency added.

🥳 The announcement of an settlement between the U.S. and Iran immediately modified the market narrative from worry to alternative. After months of merchants worrying about provide shocks, inflation, and broader geopolitical instability, traders abruptly had a motive to cost within the… pic.twitter.com/Co7jxS116i

— Santiment Intelligence (@SantimentData) June 15, 2026

Learn Additionally: XRP Surges Beyond $1.25 As $6M In Shorts Get Wiped: What’s Going On?

Picture Courtesy: Sodel Vladyslav on Shutterstock.com

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This text Bitcoin, Ethereum, XRP, Dogecoin Extend Rally On Iran Deal Optimism: Analyst Says BTC 'At Least Close' To Forming A Bottom initially appeared on Benzinga.com

© 2026 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.





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