Bitcoin Tries for New July Highs Amid Falling Oil, Dollar Strength
The post Bitcoin Tries for New July Highs Amid Falling Oil, Dollar Strength appeared on BitcoinEthereumNews.com. Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Key points: Bitcoin bulls keep upside momentum going as BTC/USD seeks a new multi-week record. Declining oil prices and US dollar strength contrast with crypto market rebound. $65,000 is now “crucial resistance” to be tackled, says analysis. Bitcoin reaches $64,350 as dollar strength, oil drop Data from TradingView showed BTC/USD climbing above $64,000, coming within $400 of new three-week highs. BTC/USD four-hour chart. Source: Cointelegraph/TradingView Amid ongoing hopes that the US-Iran peace deal could be salvaged, US WTI crude oil stayed lower after rejecting from $76 per barrel. CFDs on US WTI crude oil one-day chart. Source: Cointelegraph/TradingView US dollar strength fell for a third straight day, with the US dollar index (DXY) approaching its lowest figures since mid-June. US doll