Bitcoin price breakout to $119K possible if oil rally pattern holds

Bitcoin price breakout to $119K possible if oil rally pattern holds

Data shows that Bitcoin's price gained at least 16% within a week of sharp oil price rallies. ...

Bitcoin Rally Not Yet Euphoric? Puell Multiple Suggests More Upside – MAXBIT

Despite a recent slump in Bitcoin (BTC) price driven by rising geopolitical tensions in the Middle East, overall market sentiment remains positive, with the leading cryptocurrency still trading in the mid-$100,000 range. Further, a key on-chain indicator suggests that the current BTC rally could still have more room to run. Bitcoin Puell Multiple Suggests More...

Bitcoin price breakout to $119K possible if oil rally pattern holds – DG Verifications & Stats

Data shows that Bitcoin’s price gained at least 16% within a week of sharp oil price rallies. Market Analysis Key takeaway: Historical data suggests Bitcoin rallies up to 24% within days of an oil price surge. Bitcoin (BTC) is generally not regarded as a reliable investment during periods of geopolitical uncertainty, particularly when oil prices spike in response to escalating global tensions. However, historical data suggests that such moments…

Could Bitcoin Skyrocket to $119K? Key Oil Rally Pattern Suggests Yes!

Bitcoin enthusiasts have a new reason to celebrate as recent market trends hint at a potential price surge for the foremost cryptocurrency. A combination of rallying oil prices and optimistic trading sentiment is setting the stage for Bitcoin to target a significant rebound, possibly reaching as high as $119K in the foreseeable future. Understanding the Bitcoin-Oil Correlation The unusual correlation between Bitcoin prices and oil might not be i…