Bitcoin Price Rejection Sparks Bearish Pressure—Support Under Threat?
Bitcoin price attempted to start a fresh increase but failed at $90,000. BTC is now consolidating and might struggle to clear the $88,000 zone.
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- Oil prices remain low despite geopolitical tensions in major producing countries, as traders now focus more on actual supply than reserves.
- Demand for fossil fuels is slowing due to rising electric vehicle adoption, energy efficiency, and renewable alternatives, keeping price rallies in check.
- Crude oil and natural gas charts signal weakness, with key resistance levels holding and downside breakouts suggesting further bearish momentum ahead.
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