cryptoWhat the Oil Price means for Bitcoin - Chart of the Week WTI Crude Oil
Glassnode · · 03:03 · Watch on YouTube
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BTC near publication: $62,6264-hour candle close · 19 Jun 2026, 12:00 UTC · BTC/USDT
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- This cycle (next 6–18 months): Leans up (timeframe is our reading):
I think uh there's a chance this may be a durable bottom at least to to a certain extent.
▶ 02:20
Levels named
- 60k: Support (Several cohorts accumulated Bitcoin as it fell to 60K and may defend the level):
um yeah, I think there's there's a decent chance that 60K level will be defended by quite a few different cohorts here.
▶ 02:28
Their own position: Not said.
Dates named
- US-Iran peace deal guidelines and reopening of the Strait of Hormuz, undated:
More recently over the weekend we saw uh US and Iran reach some sort of peace deal uh at least guidelines for one and the reopening of the straight of horm.