Crypto
Bitcoin price seeks $86K as new support after oil dips below $90
Bitcoin price action avoided a significant drop below $86,000 as US president Donald Trump pledged a deal with Iran after November’s midterm election.
Cointelegraph•
Bitcoin price action avoided a significant drop below $86,000 as US president Donald Trump pledged a deal with Iran after November’s midterm election.
Bitcoin (BTC) fluctuated around $86,000 on Tuesday as crude-oil prices hit their lowest levels in nearly three weeks.
Data from TradingView showed the volatility of BTC/USD cooling after Bitcoin hit $87,350 the day prior, its highest level since Jan. 29.
Commenting on Bitcoin’s current position, onchain analytics platform Glassnode noted a classic momentum indicator had returned above a key long-term trend line.