Analysis: Bitcoin sticks to $67000 without panic selling, crypto market may face bullish reversal under oil price shock Odaily Planet Daily News: Despite the Middle East situation causing a surge in oil prices, Bitcoin is still trading at around $67000 without panic selling, indicating that the market may have hit bottom. Analyst Brian Brookshire pointed out that "when the market is generally under pressure, Bitcoin not falling is one of the strongest signals of bottoming out." At the beginning of the Asian session on Monday, WTI Crude Oil rose to $119 per barrel, reaching a new high since Russia's invasion of Ukraine in 2022. Iraq warns that global crude oil production of approximately 3 million barrels per day may be affected due to Iran's threat to oil tankers in the Strait of Hormuz. The Kobeissi Letter analysis points out that this situation is the "largest oil supply shock in history", with a daily loss of nearly 20 million barrels of crude oil supply. The soaring oil prices have intensified global inflation concerns, leading the market to expect that the Federal Reserve will hardly cut interest rates in 2026. Polymarket data shows that the probability of the Federal Reserve keeping interest rates unchanged on March 18th is about 99%, with only about 27% chance of a 25 basis point rate cut. Keeping interest rates unchanged usually tightens financial conditions, boosts the US dollar, and puts short-term pressure on Bitcoin. On a technical level, although BTC/USD suffered a setback at the resistance level of $74000, it still recorded its "first positive weekly line in 7 weeks" and formed a "inverted hammer shape", which may indicate a potential bullish reversal. CoinBureau founder and CEO Nic stated that this price trend brings a "potential bullish signal" to the market.