CryptoQuant Analyst: Brent Crude Oil Surges, BTC at the Key $60,000 Mark
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CryptoQuant analyst Darkfost pointed out that after US President Trump announced the end of the ceasefire, Brent crude oil prices rose by about 10% within two days. Darkfost stated that oil prices breaking above the annual moving average signals a period of economic pressure with rising inflation, declining production, and slowing growth. Darkfost analyzed that Bitcoin, as a risk asset, has shown a long-term inverse correlation with Brent crude oil, and rising oil prices often lead to a slowdown in Bitcoin's bull market trend. The current rise in Brent crude oil prices coincides with a challenging period for Bitcoin, and BTC is still holding the critical $60,000 level.
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