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WTI crude pennant near 102 dollars could make or break Bitcoin as BTC trades at 80,108 dollars, CoinDesk reports
- WTI crude pennant near 102 dollars could make or break Bitcoin as BTC trades at 80,108 dollars, CoinDesk reports — CoinDesk reported October 29 that WTI crude has formed a tightening pennant pattern near 102 dollars, signaling a sharp move could approach in either direction. A breakout could revive inflation concerns, lift bond yields and pressure Bitcoin and stocks, while a drop below about 93 dollars could ease inflation and support risk assets, with Bitcoin trading at 80,108.77 dollars. (CoinDesk)
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