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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$62,938.00

-1.89%

$62,938.00

-1.89%

(24s)

24h Volume

$16,634,163,646.40

24h H/L

$65,622.83 / $62,927.42

Change: $2,695.41 (4.28%)

Long/Short

65.5%

Long: 65.5%Short: 34.4%

Funding Rate

+0.0013%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,200.01

▼ -1.28%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$65,682.66

Resistance 1$63,950.81

Price$63,200.01

Support 1$62,846.20

Support 2$61,092.05

Support 3$59,130.91

Pivot (PP):$63,528.96

Trend:Downtrend

RSI (14):38.6

Cointelegraph Staff

(04:47 PM UTC)

1 min read

Verified byDavid Kim

1196 views

0 comments

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.

BTC…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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