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

BTC

BTC/USDT

$79,774.01

+0.02%

$79,774.01

+0.02%

(24s)

24h Volume

$6,080,246,260.94

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,898.13

▲ 0.30%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,683.92

Resistance 1$80,881.43

Price$79,898.13

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.9

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.