Bitcoin at $67K despite oil shock is ‘strongest indicator’ bottom may be in
Bitcoin held strong above $67,000 amid oil surge to $119 per barrel on Middle East conflict and inflation fears, with analysts seeing signs of a potential BTC price reversal.
Bitcoin (BTC) traded above $67,000 on Monday after posting its first bullish weekly close in seven weeks. Meanwhile, oil prices surged as the Middle East conflict prompted fears of a major supply shortage.
Key takeaways:
Bitcoin holds firm above $67,000 as oil prices surge to the highest level since 2022.