Bitcoin Follows Oil Lower as Iran Boosts Stocks But Sends BTC Price Below $75K

BTC

BTC/USDT

$84,214.19

-0.25%

$84,214.19

-0.25%

(24s)

24h Volume

$15,138,573,647.08

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.1%

Long: 58.1%Short: 41.9%

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,056.77

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,123.41

Price$84,056.77

Support 1$84,021.79

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.1

Cointelegraph Staff

(04:47 PM UTC)

1 min read

Verified byDavid Kim

Bitcoin (BTC) fell back below $75,000 at Wednesday’s Wall Street open as relief over a US-Iran peace deal bypassed crypto.

Key points:

Bitcoin continues to diverge from US stocks despite good news over the US-Iran war.
BTC price action instead trends lower with oil amid improving odds of the Strait of Hormuz reopening.
Bitcoin traders see little reason to avoid new local lows nearer $70,000 next.