Bitcoin hits weekly low on oil fears as analyst teases $10K BTC price target
2 April 2026 at 18:40
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Analysis warned that Bitcoin risked falling to $10,000 in the long term as BTC price action fell with US stocks thanks to oil-supply concerns.
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Analysis warned that Bitcoin risked falling to $10,000 in the long term as BTC price action fell with US stocks thanks to oil-supply concerns.
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Bitcoin fell on fresh US-Iran cues, while analysis warned that a resurgent US dollar could spark new lows across crypto and risk assets.
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Bitcoin trapped late buyers at $68,000 with oil still above $100 ahead of a news briefing by US Secretary of Defense Pete Hegseth.
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Bitcoin continued to surprise some analysts as it held the lower end of its local range despite fresh Iran pressure on macro markets.
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Bitcoin neared the first six-consecutive-month streak of losses since the 2018 bear market as Iran war woes kept markets firmly in check.