Bitcoin Dips Below $83K as Oil Shock Rattles Markets: What Happens Next?

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Bitcoin fell as low as $82,776.30, down 2.76% on the day, as Brent crude climbed above $101 per barrel and bond yields spiked, with the 10-year Treasury yield near 5.34% and the 30-year hitting 5.70%, its highest since 2002. Roughly $969 million in crypto positions were liquidated over 24 hours, including $644.47 million in long positions. Technical indicators show the 4-hour RSI at 32.2, signaling oversold territory, while the daily RSI remains neutral at 52.5. Traders on Myriad give 67% odds Bitcoin touches $80,000 in October and 55% it touches $87,500, with the broader daily uptrend still intact.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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