$BTC ๐ข BULLISH
Per Cointelegraph, bitcoin surged past 79,000 while oil prices declined after Trump suggested a conflict with Iran might come to an end.
A potential de-escalation in Iran conflict reduces geopolitical risk premium in oil markets, which historically shifts some capital flows toward risk assets like BTC โ consistent with the current above-average volume (ร1.33) and elevated short-term RSI of 74 on the 1H chart. The simultaneous drop in oil prices may also ease inflation concerns, reducing one argument against holding non-yielding assets such as Bitcoin.
BTC trades at 79138, +2.42% over 24h.
Second entry after a run like this โ brave or dumb?
๐ #BitcoinCrosses78000 #Altcoins $NEAR $XRP
Per Cointelegraph, bitcoin surged past 79,000 while oil prices declined after Trump suggested a conflict with Iran might come to an end.
A potential de-escalation in Iran conflict reduces geopolitical risk premium in oil markets, which historically shifts some capital flows toward risk assets like BTC โ consistent with the current above-average volume (ร1.33) and elevated short-term RSI of 74 on the 1H chart. The simultaneous drop in oil prices may also ease inflation concerns, reducing one argument against holding non-yielding assets such as Bitcoin.
BTC trades at 79138, +2.42% over 24h.
Second entry after a run like this โ brave or dumb?
๐ #BitcoinCrosses78000 #Altcoins $NEAR $XRP
