Bitcoin Hit $76K But Did Bulls Fall Into A Trap?
The post Bitcoin Hit $76K But Did Bulls Fall Into A Trap? appeared on BitcoinEthereumNews.com.
Key takeaways: The US Federal Reserve’s shift toward balance sheet expansion may provide the liquidity needed to boost Bitcoin and broader risk markets. The war in Iran and high oil prices might be driving investors toward scarce assets to hedge against rising inflation. On Tuesday, Bitcoin (BTC) price surpassed $76,000 for the first time in over two months, triggering $285 million in leveraged short liquidations. The rally closely tracked the S&P 500, indicating a high probability of a macroeconomic-driven event. Is the war in Iran the only factor behind Bitcoin’s price gains, and what are the odds of a bull trap? Crude Brent oil (inverted, left) vs. Bitcoin/USD (right). Source: TradingView Crude oil prices stabilized near $95 after peaking at $104 over the weekend, a move many traders view as positive. The inverted chart of crude oil prices depicts a high-intraday-correlation environment. The war in Iran has been a major source of concern due to its impact on US inflation and supply chain logistics, which limits the ability of global central banks to trim interest rates and exerts negative pressure on economic growth. Simultaneously, gains in the S&P 500 and gold prices likely indicate a higher probability of stimulus measures, causing investors to seek shelter in scarce assets. Gold futures (left) vs. S&P 500 futures (right). Source: TradingView The recent gains in the S&P 500 following failed negotiations to reopen the Strait of Hormuz may seem odd, but the added risk of recession provides the strongest incentive for governments to implement expansionary measures. Regardless of whether the US Federal Reserve opts for a cautious approach, the US Congress and the Trump administration can authorize direct investment in infrastructure projects and social programs, or provide tax credits. Inflationary worries line up with investors’ Fed policy expectations Bitcoin does not need to…
Filed under: News - @ April 15, 2026 2:34 pm