Bitcoin rose 2% toward $66,000 Monday as US President Donald Trump said the US had completed a peace deal with Iran and reopened of the Strait of Hormuz.

Trump announces Iran MOU signing for Sunday, reopening the Strait of Hormuz and extending a ceasefire. Bitcoin climbs above $63K on de-escalation hopes.

Bitcoin price analysis sees multiple bullish setups forming as a US-Iran peace deal which will open the Strait of Hormuz deadline arrives.