Now that the threat of full-scale conflict has cooled, investors are back in risk-taking mode—and crypto is reaping some of the benefits.
Lower oil prices usually mean reduced inflation pressure, which encourages investors to put money into assets that carry more risk—and potential reward.
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Analysts pointed to a key technical level for Bitcoin—around $103,800—where the 50-period exponential moving average had been acting as resistance.
With geopolitical risk out of the headlines for now, Bitcoin’s short-term trend looks healthier. But traders remain cautious.
Several analysts warn that a return to hostilities or political instability could send crypto prices right back down. For now, though, the charts are showing bullish patterns.
For now, the ceasefire is helping crypto prices rise. But if history is any guide, this ride could get bumpy again soon.
Featured image from NewsTrack, chart from TradingView
