Bitcoin Faces Oil Shock, Death Cross Risks This Week

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Bitcoin faced two death crosses and the total failure of the $74,000 BTC price breakout headed into the second week of March as the US-Iran conflict raged.

Bitcoin starts the second week of March on the edge, with markets focused on the Middle East.

Bitcoin erased its latest breakout attempt and closed the weekly candle below key resistance.

Oil volatility and associated inflation pressures are the week’s main focus for traders.

Bitcoin has two new death crosses, a firm warning for bulls.

Derivatives markets suggest a broader Bitcoin price turnaround may be coming.

Whales show little interest in profit-taking during the trip to $74,000.

Bitcoin reverts to a “boring bear market”


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