Bitcoin (BTC) Price Outlook: Iran-Israel Conflict, Trade News, and ETF Flows

Gate News, Bitcoin (BTC) benefits from the easing of conflicts in the Middle East. On Tuesday (June 23), President Trump announced a ceasefire between Iran and Israel, stating that both Israel and Iran have fully agreed to implement a comprehensive ceasefire lasting 12 hours, at which point the war will be considered over.

As the ceasefire will end the threat of Iran closing the Strait of Hormuz, West Texas Intermediate (WTI) crude oil prices plummeted 9.22% on Monday, closing at $66.775 per barrel. The drop in oil prices will ease inflation worries and allow central banks to resume interest rate cuts, thereby boosting demand for risk assets.

The inflow momentum of the Bitcoin spot ETF in the United States continues

The ceasefire has boosted demand for Bitcoin spot ETFs, which is crucial for the price movement of Bitcoin. According to Farside Investors, the major capital inflows on June 23 included:

· Fidelity Bitcoin Spot ETF (FBTC) net inflow of $105.7 million;

· Bitwise Bitcoin Spot ETF (BITB) net inflow of funds was 14.6 million USD;

· Grayscale Bitcoin Trust net inflows of $10.1 million.

Excluding the pending fund inflow data of BlackRock iShares Bitcoin Spot ETF (IBIT), the total inflow into the U.S. Bitcoin spot ETF market is $133 million. It is worth noting that the U.S. Bitcoin spot ETF market may extend its net inflow record to ten trading days.

Bitcoin Price Outlook

FXEmpire analyst Bob Mason stated that the recent price outlook for Bitcoin depends on several key factors, including developments in the Middle East situation, news related to tariffs, and ETF fund flows.

Possible scenarios:

Bearish scenario: The escalation of tensions in the Middle East, legislative hurdles, U.S. tariff threats, and ETF capital outflows. The combined effect of these factors could lead BTC to drop towards the 50-day Exponential Moving Average (EMA), falling below the level of $100,000.

Bullish scenario: Progress in the US-Iran nuclear deal, bipartisan support for the Bitcoin bill, easing trade tensions, and ETF capital inflows. Under these scenarios, BTC could reach a historic high of $111,917.

(Source: FXEmpire)