SignalCommodities

WITH OIL PRICES RISING , BITCOIN REMAINS STUCK BELOW $85 , 000 . HERE WHY IM STILL BUYING BITCOIN RIGHT NOW .

Oil prices rising while Bitcoin stays below $85,000 creates buying opportunity.

Context

What happened: Bitcoin remains stuck below $85,000 while oil prices hover around $100, with the author attributing the stall to an oil feedback mechanism linking rising oil to inflation fears and rate pressure. Key numbers: Bitcoin rose from $60,000 to $87,000 (45%) from July to September; down 2% in October; oil around $100; Bitcoin and oil rolling correlations near 0. Why it matters: The author argues past research shows no persistent Bitcoin-oil correlation, so short-term correlations fade over longer horizons, and daily price narratives are mostly noise.

What changed

Bitcoin remains stuck below $85,000 while oil prices hover around $100, with the author attributing the stall to an oil feedback mechanism linking rising oil to inflation fears and rate pressure.

Why it matters

The author argues past research shows no persistent Bitcoin-oil correlation, so short-term correlations fade over longer horizons, and daily price narratives are mostly noise.

Sources

gdelt