Bitcoin stays 'stalled' at $78K as oil threatens new risk-asset squeeze
Burns Brief
Bitcoin and risk assets faced an uphill struggle after the S&P 500 hit new all-time highs as analysis warned that BTC price support was at risk The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Bitcoin and risk assets faced an uphill struggle after the S&P 500 hit new all-time highs as analysis warned that BTC price support was at risk.
Key Takeaways
- Bitcoin and risk assets faced an uphill struggle after the S&P 500 hit new all-time highs as analysis warned that BTC price support was at risk