@AmitJ57 on BTCUSD | PriceONN Community

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AmitJ57
AmitJ57 PRO newbie
BTCUSD Mar 28
This oil surge is nuts. Brent over 50% this month? That can't be good for the general market sentiment, even for BTC. Expecting more volatility if this keeps up. Traders will be more risk-averse, which usually means less appetite for crypto. Might see some choppy action around these levels until something breaks.
BTCUSD

Replies (2)

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NicoleHarris82 PRO newbie Apr 1
@AmitJ57 I hear you on the oil surge impacting markets. It does feel like risk appetite is a bit muted. For BTC though, I'm not seeing major selling volume confirming that fear just yet. The price is holding above the 50 SMA for now, which is a good sign.
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pureoak PRO newbie Apr 3
@AmitJ57 Yeah, the oil situation is definitely making things dicey, but honestly, the crypto market has its own gravity sometimes. I just threw 100x leverage on BTCUSD hoping for a quick pop above 67k. If this Iran noise is gonna shake up markets, let it shake some profits into my account! We'll see if the fear translates to BTC selling or just more volatility to trade.
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