Bitcoin Seeks Support Above $81K as Brent Oil Hits 7-Month High
Description
Bitcoin dipped below $81,000 as stocks fell and Brent crude oil surged to its highest level since March.
Traders are now watching the 50-day moving average as key support for the next direction. Rising oil adds inflation pressure, weighing on risk assets including crypto.
Source: Cointelegraph
#Bitcoin $BTC #Crypto
Description
Bitcoin dipped below $81,000 as stocks fell and Brent crude oil surged to its highest level since March.
Traders are now watching the 50-day moving average as key support for the next direction. Rising oil adds inflation pressure, weighing on risk assets including crypto.
Source: Cointelegraph
#Bitcoin $BTC #Crypto
