Trump & Iran: Peace, Oil, and Bitcoin-Oh My!

by

Trump says they’ve got a deal. Iran says they’ve got a deal. The Strait of Hormuz says, “Welcome back, oil tankers!” But let’s not pop the champagne until the ink is dry-and even then, keep the cork handy.

  • Oil prices hit three-month lows on US-Iran agreement (CNN): Brent crude is down, WTI crude is down, and oil barons are probably weeping into their caviar. But hey, cheaper gas prices for the rest of us, so who’s complaining?
  • Bitcoin traders have a reason to watch Tuesday’s BOJ rate decision. Yen shorts are at a nine-year high (CoinDesk): The yen is in a tight spot, and if the Bank of Japan sneezes, the markets might catch a cold. Or a short squeeze. Either way, it’s popcorn time for Bitcoin traders.
  • Here’s what SpaceX’s IPO means for its $1.3 billion bitcoin reserve (CoinDesk): SpaceX is going public, and their Bitcoin stash is along for the ride. Will it survive the bear market? Only time-and Elon Musk’s tweets-will tell.

    • Today’s signal

    Behold, the chart of Bitcoin’s weekly price change, complete with Fibonacci levels and RSI. It’s like a financial Rorschach test-what do you see? A rebound from $60,000? A downtrend of lower highs? Or just a bunch of squiggly lines? The RSI is weak at 37, but if Bitcoin closes above $66,000, it might just reclaim its throne. Fail to reach that, and $60,000 is still in the crosshairs. Next stops: $68,900, then $80,000-$82,500. Strap in, folks-it’s gonna be a wild ride.

    Read More

    2026-06-15 15:07