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The peaceful settlement between Washington and Tehran has restored investors' risk appetite, resulting in positive momentum for the leading cryptocurrency.
In addition to the general easing of tensions, discussions have resumed in the expert community about the timing of a cyclical bottom and the start date of the next major rally. Renowned #crypt analyst MartyParty shared his view on the market outlook, assessing the possible start date of a new bull run.Want more exclusive news and analysis? Subscribe to our Telegram channel, discuss news, and share your opinions on the latest market events in the chat! Why the cryptocurrency market is on the rise #BinanceSquareFamily
The leading digital asset is trading around $65,600, up roughly 2% in a day. Falling commodity prices and reduced geopolitical uncertainty traditionally push riskier instruments higher. Brent crude oil lost 4.6%, falling to $83.3 per barrel, its lowest level since early spring, while the WTI contract is trading below $81. Meanwhile, gold has corrected from its May highs above $4,500 to around $4,219 per ounce.The main driver of positive change was the news from Pakistan, where peace agreements were announced. Prime Minister Shahbaz Sharif announced a cessation of hostilities in all operational areas, including Lebanon. The official signing of the documents is scheduled for June 19 in Switzerland. Trump has already confirmed his intention to open the Strait of Hormuz to commercial shipping immediately after the formalities are completed.The current de-escalation has helped relieve the market tensions built up over the spring months. During the height of the conflict, investors flocked to defensive instruments and dumped digital coins, but now capital is gradually returning to the high-yield sector. Consequently, the short-term trend has reversed, although the medium-term outlook still depends on macroeconomic factors.Naturally, the outcome of the US Federal Reserve meeting and recent inflation data will be critical for further price movements. Furthermore, the agreement's parameters are still uncertain, as Tehran plans to closely monitor Washington's compliance.Popular cryptocurrency analyst MartyParty views the current market situation through the lens of the classic Wyckoff accumulation model. According to his interpretation of chart patterns, the coin is currently in a prolonged sideways trend. Such consolidation typically precedes the formation of a stable base for a long-term upward movement.The development of this scenario suggests the possibility of a localized surge toward $80,000 closer to early autumn. Following this, the chart model points to a probable downward wave with renewed local lows around $58,000 closer to December. Accordingly, the expert views this area as a potential cyclical bottom. A transition to a full-fledged bullish phase, according to this concept, is expected only by the spring of 2027.It should be emphasized that Wyckoff's theoretical framework is merely an idealized description of market cycles, not a precise price calendar. The actual trajectory of price movements will be determined by the monetary policy of the US regulator and the stability of the geopolitical environment #BTC