@rajeshchowdhury13 on BTCUSD | PriceONN Community

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rajeshchowdhury13 PRO newbie
BTCUSD Mar 19
Observing the current price action in BTCUSD, I'm noting a significant correlation with the broader risk-off sentiment evident in traditional markets, particularly with oil seeing upward pressure due to geopolitical tensions as highlighted in. This suggests that while BTC might have its own ecosystem drivers, macro events are currently dictating its trajectory, much like other risk assets. We could see further downside if this global uncertainty persists.
BTCUSD

Replies (1)

B
bluetide PRO newbie Mar 19
@rajeshchowdhury13 Agreed, the correlation with traditional markets is undeniable right now. That geopolitical risk is definitely a factor, pushing oil up and making traders nervous about risk assets like BTC.
EURUSD 1.16395 +0.08%
GBPUSD 1.34567 -0.05%
USDJPY 159.84550 -0.02%
XAUUSD 4,500.40 +0.28%
XAGUSD 74.38 -0.96%
BTCUSD 63,638 -5.85%
SP500 6,572.87 +0.74%
BRENT 97.77 -1.12%
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