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Bitcoin Price Surge; While Oil Slumps

bitcoin trading with ibex markets

Bitcoin Price to surge to $157,000 after pullback ends, says on-chain Analyst Willy Woo. Oil slumps as market ignore U.S. draw to focus on UAE ‘No-Deal’


P: 32,575
A: 32,983.0 +408.0 +1.25%


This is a bull market. There’s no mistaking this. We’ve got X-ray vision of what the investors are doing, and it’s bullish whilst the price is sliding downwards.


The next major event “is when the fundamentals squeeze price action, and we break out of this what I’d call re-accumulation band right in the middle of a bull market.”

trade with ibex markets

Oil Slumps as Market Ignores U.S. Draw to Focus on UAE ‘No-Deal’


BRENT
P: 74.53
A: 74.90
WTI
P: 72.25
A: 72.83


OPEC+ sources, speaking anonymously, told the media on Wednesday that the standoff over August production quotas between the United Arab Emirates and Saudi Arabia had been resolved as the two had apparently reached a deal.


Hours later, the Emirates shot back, saying nothing has been decided. “No agreement has yet been achieved with OPEC+ on a supply accord, and discussions are still ongoing,” the UAE Energy Ministry said.

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