Oil prices surged above $70 amid geopolitical tensions involving the US, Iran, and ongoing Russia-Ukraine conflicts, creating inflation concerns and higher Treasury yields. This rise in oil disrupts the expected disinflation trend, potentially delaying Federal Reserve rate cuts and causing tighter financial conditions that negatively impact Bitcoin. Bitcoin faces three possible scenarios depending on how oil prices evolve: a bullish easing if prices fall, a capped rally if prices stay elevated, or a sharp selloff if geopolitical tensions escalate further.
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[IMPORTANT] Bitcoin May See Selloff as Oil Prices Sustain $70 and Fed Maintains Hawkish Stance
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