Bitcoin Tests Key Support as Oil and AI Fears Squeeze Markets
Summary
Bitcoin is currently testing crucial support levels as high oil prices and elevated yields continue to pressure risk assets. Market charts indicate the cryptocurrency is holding its floor rather than establishing a clear directional trend.
Bitcoin keeps limping back to the same floor while $108 oil and 5% yields weigh on risk assets. The chart shows a coiled spring, not a trend.
Source: Read the full story at Decrypt
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