Can Bitcoin Keep away from A $60,000 Assist Loss As US Shares Rebound?

Bitcoin (BTC) struggled close to $60,000 round Monday’s Wall Avenue open as bulls more and more risked a help/resistance flip.

Key factors:

• Bitcoin bulls face an uphill battle to flip $60,000 again to help, whilst US shares see contemporary upside.
• Iran peace hopes gasoline a extra optimistic risk-asset temper, however evaluation says that Bitcoin consumers “lack conviction.”
• Market members are “defensive” round present worth motion.

US-Iran assembly announcement sends shares larger

Knowledge from TradingView confirmed an ongoing battle to regain management of $60,000, with BTC worth energy once more failing to maintain tempo with US shares.

BTC/USD one-hour chart. Supply: Cointelegraph/TradingView

The S&P 500 and Nasdaq Composite Index each began the week within the inexperienced amid renewed optimism of rescuing the US-Iran peace deal.

In a submit on Truth Social, US President Donald Trump wrote that Iran had “requested a gathering,” which might happen in Doha, United Arab Emirates, on Tuesday.

S&P 500 four-hour chart. Source: Cointelegraph/TradingView

Commenting on the latest events, trading company QCP Capital nonetheless cautioned over the potential for oil prices to rebound — a key potential headwind for crypto.

“While both countries appear to have agreed to stand down for now, the situation remains uncertain. That said, oil prices have remained largely stable in the low $70s, suggesting cautious optimism that tensions may ease,” it wrote in its latest Market Shade evaluation. 

“However, this relatively muted market reaction also leaves significant upside risk for oil prices should supply recovery prove slower than expected.”

CFDs on WTI crude oil four-hour chart. Source: Cointelegraph/TradingView

On Friday, WTI crude fell below $68 per barrel for the first time since early March, but was back above the $70 mark at the time of writing.

“U.S. markets are also set to be closed on Friday, while the situation between the U.S. and Iran remains fluid, leaving volatility likely to stay elevated, partly driven by thinner liquidity conditions, similar to what we saw over the past weekend,” QCP added.

Bitcoin needs more “conviction” from buyers

Bitcoin market participants thus sat on the sidelines as “choppy” price moves defined low-time-frame market action.

Related: BTC price RSI prints key 2026 signal: Five things to know in Bitcoin this week

“Chopping around in this range at the previous June lows. The ~$60K region keeps capping price as we have some marginally higher low wicks below,” trader Daan Crypto Trades wrote in his newest X evaluation. 

“The longer price spends moving around in this region, the bigger the following move upon a range break will be. Eyes on $58K & $61K.”

BTC/USDT one-hour chart. Source: Daan Crypto Trades/X

In its latest Market Pulse bulletin, onchain analytics platform Glassnode said that buyers “have so far lacked the conviction required to establish a sustained recovery, leaving price range-bound near local lows.”

“Beneath the surface, the market remains in a phase of structural adjustment as capital continues to contract and participants adopt a more defensive posture,” it reported. 

“Spot markets are still experiencing persistent net selling despite an increase in trading activity, suggesting that available liquidity is being used primarily to distribute rather than accumulate Bitcoin at current prices.”

Bitcoin worth momentum knowledge (screenshot). Supply: Glassnode

Whereas noting “more balanced” onchain knowledge, Glassnode added {that a} shift towards provide possession by extra speculative buyers elevated the potential for worth volatility.

“Taken together, Bitcoin appears to be stabilizing around the $60K region, but with spot order flow, derivatives positioning, and institutional demand all remaining defensive, a sustained recovery is likely to require a meaningful return of buyer conviction,” it concluded.