BTCUSDT Analysis by bravosresearch

The video provides a financial market analysis for Bitcoin and Coinbase. It identifies a correlation between oil prices and Bitcoin performance, suggesting rising oil prices could negatively impact Bitcoin. Conversely sideways trending of oil favors Bitcoin's bull market. However, the current technical structure of Bitcoin looks strong, the analysis indicates that it has broken out and retested key trend line support, suggesting a long position is favorable with a target at 120000, and an implied failure level of 50000 if the price breaks below that level. Also, a long position in Coinbase has been initiated with an inferred target at 300 and a failure level of 150.