๐จ Bitcoin Could Soar to $119K as Oil Rally Repeats Historic Pattern ๐ฅ
#Bitcoin #CryptoNews #BTC #OilPrices
๐ Key Takeaways:
๐ Bitcoin historically jumps 16โ24% after major oil price surges.
๐ฐ BTC now trading around $102,800, down from $110,200 last week.
๐ A similar move could send BTC to $119,200 by June 21.
๐ Oil Spike, BTC DipโThen Boom
Last week, WTI oil jumped 19% (from $64.80 โ $77).
Bitcoin reacted negatively, falling from $110,200 โ $102,800.
But history shows BTC often rebounds strongly post-oil spike.
๐ฐ Previous Patterns:
๐น Jan 2025: Oil hit $80.50 โ BTC dipped to $89,300 โ +22% in 7 days.
๐น Oct 2024: Oil hit $77.50 โ BTC dropped to $58,900 โ +16% rebound.
๐น Aug 2024: Oil rose post-Libya unrest โ BTC fell to $56,150 โ +16% gain.
๐ฏ Target: $119,200 by June 21?
If the trend holds, BTC could bounce back 16%+ from its current level.
๐ข Rising oil at 5-month highs = Possible buy-the-dip setup.
๐ฃ Source: Cointelegraph
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