#bitcoin #crypto
📉$BTC under pressure: Oil, Fed and AI dictate the rules of the game
As of the morning of April 28, Bitcoin is trading around $77,000 (down 3%). Following the overall positive trend of the year, the market has found itself in the “last” of three powerful factors:
🛢️ 1. Oil inflation loop
The price of Brent crude oil is holding above $100 per barrel. This is a headache for the Fed. High energy prices are accelerating inflation, which makes the scenario of interest rate cuts in June almost impossible (Polymarket estimates the probability of maintaining rates at 95%).
📊 2. Technical barrier $80,700
BTC is stuck below the level of short-term cost of ownership (the basis of the STH value). To protect this resistance, a “dovey” signal from Jerome Powell is needed, but for now macro indicators (GDP, PCE, ECI) are forcing investors to be cautious.
🤖 3. The AI Factor and Miners
A surprise twist: OpenAI missed revenue targets. Why does this matter for crypto?
• Public mining companies are actively converting their data centers into AI power.
• To do this, they have been actively selling BTC with their reserves to finance chip purchases.
• Paradox: The slowdown in the AI boom may reduce selling pressure from miners in the future, BUT in the short term, the tech sector's decline will drag crypto with it.
⚠️ Summary: The market is in a state of waiting. The key move comes after the publication of inflation data and the Fed meeting on Wednesday.
