viparmenia

BTCUSD I see direct correlation of bitcoin with oil price

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BITFINEX:BTCUSD   Bitcoin
The correlation of oil price with bitcoin is quite visible.
Means any time the price of oil rises some of the profit is pumped into bitcoin.
As well the crush of oil price results to crush of bitcoin.
In this sense I guess the next crush of oil price, that is expected in may will lead again to crush of bitcoin market.
Commento:
USA is going to increase the oil export.
Saudis also do not want to continue the OPEC agreement on limiting the export, that must be renewed in 1 July...

Oil is going to crush and bitcoin with him

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