Bitcoin on chain indicators remain weak, recovery depends on US Iran peace agreement Odaily Planet Daily News: LVRG Research Director Nick Ruck said that although Bitcoin has recently rebounded to $67000, its momentum is still weak, with declining trading volume and stagnant on chain indicators, indicating insufficient recovery strength. US President Donald Trump announced on Sunday that the United States has reached a peace agreement with Iran to end months of conflict, and the agreement is expected to be signed on Friday. There are still many unknown details of the agreement, but Trump said that the agreement will open the Strait of Hormuz, and the United States will lift the blockade on the strait and Iranian ports. The two countries will then engage in 60 day negotiations on Iran's nuclear program and potential sanctions relief. Swissblock stated on Monday that the Bitcoin price momentum and energy wave indicators are still in a "weak momentum and weak participation" state. Although Bitcoin rebounded to $67000 on Monday after falling below $60000 on June 6th, the price momentum remained at -1 and the OBV dropped to a multi-year low of -1.7 million.