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

BTC

BTC/USDT

$63,100.89

+0.13%

$63,100.89

+0.13%

(24s)

24h Volume

$2,094,122,432.04

24h H/L

$63,175.00 / $62,968.45

Change: $206.55 (0.33%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0033%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,067.02

▼ -0.03%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,067.02

Support 1$62,882.63

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.1

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.