$BTC Update:
Bitcoin at $75,718.
After the announcement of an agreement and the reopening of the Strait of Hormuz, oil prices fell, creating a significant drop.
This encouraged liquidity to flow into other markets, including crypto, which saw a rise and a nice boost.
Today, global news confirmed that the Strait of Hormuz has closed again, causing a slight upward movement in oil prices and reducing the upward momentum in other markets, while Bitcoin declined.
It's important to remember that this change is happening during a market holiday.
So, what might happen when the market reopens?
In short, with the continued closure of the Strait of Hormuz and ongoing political news, we will likely see market volatility, with oil prices rising and global markets and crypto continuing to decline.
As for whether we could see Bitcoin at $83,000, the answer is yes, provided it remains above the support level of $74,490.
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