Sukhvinder909
Open Trade
Frequent Trader
2.3 Months
7 Following
6 Followers
9 Liked
0 Shared
Posts
Quotes
#CardanoDebate founder Charles Hoskinson has proposed using 140M ADA (~$100M) from the treasury to boost DeFi growth by purchasing BTC and Cardano-native stablecoins (USDM, USDA, IUSD). ADA dropped 6% following the announcement, as the community remains divided. Some see it as a bold step toward ecosystem maturity, while others argue it’s risky given market conditions and governance concerns.
📰 Bitcoin News: Bitcoin Could Hit $119K if Oil Price Rally Pattern Repeats
Bitcoin (BTC) could reach $119,000 if historical patterns tied to oil price rallies play out again, according to market analysts.
Historically, significant oil price surges have coincided with macroeconomic shifts that benefit risk-on assets like Bitcoin. A new analysis points to the 2010–2011 oil rally, during which crude oil prices jumped over 60%, while Bitcoin experienced an explosive bull run.
Now, with crude oil once again trending upward—up over 25% in recent months—analysts suggest this could be an early signal of renewed institutional interest in hard assets, including BTC. If the correlation holds, Bitcoin could climb another 13% from its current levels to hit $119K, aligning with Fibonacci extension targets used in technical analysis.
> “Bitcoin and oil often reflect investor sentiment around inflation and currency debasement. If oil keeps rallying, BTC may follow,” said macro trader Luke Hill on Binance Feed.
As of June 14, BTC is trading at $105,011, up 0.34% in the past 24 hours.
📊 Watch closely: Continued oil price momentum and global liquidity conditions may serve as key indicators for BTC’s next major move.
---$BTC #BTC走势分析 #BTCPrediction
Bitcoin (BTC) could reach $119,000 if historical patterns tied to oil price rallies play out again, according to market analysts.
Historically, significant oil price surges have coincided with macroeconomic shifts that benefit risk-on assets like Bitcoin. A new analysis points to the 2010–2011 oil rally, during which crude oil prices jumped over 60%, while Bitcoin experienced an explosive bull run.
Now, with crude oil once again trending upward—up over 25% in recent months—analysts suggest this could be an early signal of renewed institutional interest in hard assets, including BTC. If the correlation holds, Bitcoin could climb another 13% from its current levels to hit $119K, aligning with Fibonacci extension targets used in technical analysis.
> “Bitcoin and oil often reflect investor sentiment around inflation and currency debasement. If oil keeps rallying, BTC may follow,” said macro trader Luke Hill on Binance Feed.
As of June 14, BTC is trading at $105,011, up 0.34% in the past 24 hours.
📊 Watch closely: Continued oil price momentum and global liquidity conditions may serve as key indicators for BTC’s next major move.
---$BTC #BTC走势分析 #BTCPrediction
Trading Chart 📉📈
Login to explore more contents