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CoinDesk says oil price direction is key variable for Bitcoin

NewsFeeds update

CoinDesk says WTI crude is forming a pennant pattern and its next move could affect risk assets such as Bitcoin, whose 30-day correlation with the Nasdaq 100 is 0.64. It says a break higher in oil could weigh on Bitcoin, while a drop below about $93 could do the opposite.

BitcoinCoinNessAINeutral

Read the original on CoinNess

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Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.