Brent Crude: Failed $120 Breakout Aids Bitcoin
Brent Crude oil at $120 resistance shows weakness and negative divergence, creating downward pressure that benefits Bitcoin and crypto via lower inflation and higher liquidity.
SourceAnalysis
Brent Crude oil failed multiple breakout attempts at the $120 resistance level first flagged in early March, with indicators now flashing weakness and negative divergence that point to sustained downward pressure favorable for Bitcoin and broader crypto assets through the historical correlation between Brent crude oil prices and cryptocurrency markets.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.
Premium Sponsors
.jpg)