🚨 BITCOIN BREAKING: BTC RECLAIMS $79,000
Bitcoin surged back above $79,000, gaining around 3% as markets reacted to renewed hopes of a possible US–Iran peace deal.
📈 Key Bitcoin Levels • BTC reclaimed the 50-week EMA near $77,430 • 50-week SMA remains near $81,081 • Bitcoin is currently trading between these two major technical levels
⚠️ Fed Rate Hike Odds Jump
According to CME FedWatch, the probability of a 25 bps Fed rate hike has climbed to 92.7%, up sharply from 59.4% one week ago.
🏦 A potential hike could increase pressure on risk assets, including crypto.
🛢️ Oil Still Above $100
WTI remains above $100, while Brent is around $105, keeping inflation concerns alive.
🔥 Why It Matters for Crypto
Bitcoin is showing strength despite rising rate-hike expectations and elevated geopolitical risks.
The next major technical battle could be the $81,000 area.
👀 Will BTC break above $81K and continue higher, or face another rejection?
#Bitcoin #BTC #Crypto #Binance #BitcoinNews #Fed #CryptoMarket #BTCUSD #Trading #CryptoNews
Bitcoin surged back above $79,000, gaining around 3% as markets reacted to renewed hopes of a possible US–Iran peace deal.
📈 Key Bitcoin Levels • BTC reclaimed the 50-week EMA near $77,430 • 50-week SMA remains near $81,081 • Bitcoin is currently trading between these two major technical levels
⚠️ Fed Rate Hike Odds Jump
According to CME FedWatch, the probability of a 25 bps Fed rate hike has climbed to 92.7%, up sharply from 59.4% one week ago.
🏦 A potential hike could increase pressure on risk assets, including crypto.
🛢️ Oil Still Above $100
WTI remains above $100, while Brent is around $105, keeping inflation concerns alive.
🔥 Why It Matters for Crypto
Bitcoin is showing strength despite rising rate-hike expectations and elevated geopolitical risks.
The next major technical battle could be the $81,000 area.
👀 Will BTC break above $81K and continue higher, or face another rejection?
#Bitcoin #BTC #Crypto #Binance #BitcoinNews #Fed #CryptoMarket #BTCUSD #Trading #CryptoNews
