Analysis: If oil prices stabilize around 100 dollars, Bitcoin is expected to test the resistance range of 74,000 to 76,000 dollars
According to market news, influenced by the U.S. suspension of strikes on Iranian energy infrastructure for five days, the geopolitical risk premium has decreased, leading to a drop in Brent crude oil prices, while btc-42">Bitcoin has regained the $70,000 mark yesterday.
Market analysis indicates that if navigation in the Strait of Hormuz normalizes and oil prices stabilize around $100, Bitcoin is expected to test the resistance range of $74,000 to $76,000; if the situation worsens again, Bitcoin may fall back to the $65,000 range. If the easing continues, institutional buying on dips could push Bitcoin up to $80,000. Last week, the Federal Reserve kept interest rates unchanged, and the dot plot showed that 14 officials expect zero or only one rate cut in 2026, indicating that the macro environment still poses restrictions on risk assets.
As of the week of March 22, Bitcoin ETFs saw an outflow of $708 million in a single day, the largest in two months, while Ethereum ETFs recorded a record weekly inflow of $160.8 million. The performance gap between Bitcoin and gold has significantly narrowed, with gold experiencing its largest weekly decline since 1983 last week, dropping over 10%.
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