$BTC The local price high at the beginning of this week was reached amid news of a ceasefire between the US and Iran, when on June 14, U.S. President Donald Trump announced that agreements had been reached with Tehran. After that, the rise stopped, and the pressure on cryptocurrency prices coincided with the end of the meeting of the Federal Reserve Board of Governors on the interest rate: the monetary authorities left it unchanged.

Despite the recent price rebound, analysts at Glassnode described the market situation as “the market remains in a steady bearish trend.” They noted that the “average market price,” at which investors bought Bitcoin, is at $77.2K. Experts believe that a change in trend can only be discussed after returning to this price level. Further recovery depends on inflows of liquidity and the ability of buyers to hold the current levels.