Bitcoin's next big move hinges on oil, and right now it's a total coin flip

Bitcoin's next big move hinges on oil, and right now it's a total coin flip

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin's next big move hinges on oil, and right now it's a total coin flipAnalysts say a sustained 15%–16% decline in crude could revive Fed rate cut bets, sending BTC higher.By Omkar GodboleUpdated Apr 9, 2026, 5:34 a.m. Published Apr 9, 2026, 5:22 a.m. Make preferred on Bitcoin's next big move hinges on oil. (Jakub Żerdzicki/Unsplash)What to know: Analysts say a sustained 15%–16% decline in crude could bring forward expectations for Federal Reserve rate cuts, potentially triggering a short squeeze that propels bitcoin toward $80,000.The outlook remains highly uncertain as renewed hostilities around the Strait of Hormuz threaten to send oil back above $100 a barrel, which could revive inflation fears and undermine prospects for easier

Source: https://www.coindesk.com/markets/2026/04/09/bitcoin-s-next-big-move-hinges-on-oil-and-right-now-it-s-a-total-coin-flip