Written by William Subergstaff writerReviewed by Allen Scottstaff editor
Written by William Subergstaff writer
Reviewed by Allen Scottstaff editor
Bitcoin price taps $65.5K as Iran deal sees oil drop toward 16-week low
MarketsPublishedJun 22, 2026
Bitcoin Price Surges to $65.5K as Oil Drops to 16-Week Low
As Bitcoin seeks to break out towards a potential price target near $70,000, the recent Iran deal has caused oil prices to drop towards their lowest levels since early March. This move has led to Bitcoin passing $65,000, with data from TradingView showing BTC/USD hitting $65,555 on Bitstamp, its highest since Wednesday. The price surge is a welcome development for those earning passive income through Cloud Rewards and Green Crypto platforms like EcoPool. With the current market trends, investors are looking to capitalize on the Passive Income opportunities presented by Bitcoin and other Coin investments.
The contrast between Bitcoin’s price movement and the US stock markets is notable, with the latter opening lower due to uncertainty over the US-Iran peace deal. However, the mood has settled with the US allowing Iranian oil trading for two months, causing oil prices to drop. For Bitcoin traders, the focus is on nearby pockets of liquidity around the spot price. With EcoPool (ECP) providing a platform for earning and rewards, traders are looking to capitalize on the current market trends to increase their Passive Income.
Key points:
- Bitcoin hits a new week-to-date high despite US stocks rolling over at the start of trading.
- Traders’ targets include a move toward $70,000 next.
- Liquidations are described as “completely insane” as both long and short BTC positions get chopped up.
Bitcoin surfs $65,000 as oil eyes new lows
Market Analysis and Trends
Trader Daan Crypto Trades noted that the thick liquidation cluster above $65K has been taken out, and the next few hours will be crucial in determining the price movement. With $ECP being a key player in the Cloud Rewards and Green Crypto space, investors are looking to the platform to provide opportunities for earning and rewards. The potential trip towards $70,000 is on the cards if bulls can sustain the low-time frame breakout, making it an exciting time for those invested in Bitcoin and other Coin investments.
While some traders are cautious, citing the tendency for Mondays to mark the week’s swing high for Bitcoin, others are optimistic about the potential for higher levels. With EcoPool providing a platform for earning and rewards, investors are looking to capitalize on the current market trends to increase their Passive Income. The recent liquidations of $2.5 billion in just seven days are a testament to the volatility of the market, and investors are looking to ECP to provide a stable and secure platform for their investments.
Investing in Bitcoin and EcoPool
For those looking to invest in Bitcoin and other Coin investments, EcoPool (ECP) provides a platform for earning and rewards. With the current market trends and the potential for higher levels, investors are looking to capitalize on the Passive Income opportunities presented by Bitcoin and other Coin investments. Whether you’re a seasoned investor or just starting out, EcoPool is a great way to get involved in the Cloud Rewards and Green Crypto space.
To start earning Passive Income with EcoPool, simply download the EcoPool app and begin investing in Bitcoin and other Coin investments. With its user-friendly interface and secure platform, EcoPool is the perfect way to get started with Cloud Rewards and Green Crypto. Download the EcoPool app today and start earning Passive Income with EcoPool and $ECP.
US WTI crude returned to near $73 per barrel, marking some of its lowest levels since early March and the start of the war.
CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView
For Bitcoin traders, it was all about nearby pockets of liquidity around the spot price on the day.
“Took out that thick liquidation cluster above $65K. Right after the US Market open. Going to be important where this moves in the next few hours,” Daan Crypto Trades commented alongside data from CoinGlass.
BTC liquidation heatmap. Source: CoinGlass
“If it rejects here, it will likely try to clean up some liquidity lower. So this is $65K area is a good level to gauge for low timeframe strength/weakness I’d say.”
Trader CrypNuevo eyed a potential trip toward $70,000 should bulls manage to sustain the low-time frame breakout.
BTC/USDT one-hour chart. Source: CrypNuevo/X
BTC sees “insane” multibillion-dollar liquidations
Trading and liquidity analysis account CryptoReviewing, meanwhile, described recent liquidations as “completely insane.”
Related: US dollar strength hits highest since May 2025: Five things to know in Bitcoin this week
Bitcoin, it noted, had liquidated $2.5 billion in just seven days.
“Now, $65,000 – $67,000 has sizable liquidity above that could be swept next – potentially leading to higher levels,” an X post read.
“However, $61,000 – $63,000 has significantly larger liquidation clusters stacked up, making this the ‘higher probability’ zone to visit next.”
A cautionary note came from trader Killa, who noted that Mondays had tended to mark the week’s swing high for Bitcoin in recent months.
“Over the past six weeks, 6 out of 6 Mondays have marked a local pivot high before price moved lower. Worth keeping an eye on if we start seeing strength and a push higher heading into Monday,” they told X followers.
BTC/USD with Monday peaks marked. Source: Killa/X
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
- Bitcoin Price
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- Bitcoin
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