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15:23
Bitcoin (BTC) Holds Key $100K Support as Oil Price Fears Fade: Impact on Crypto Markets

According to analysts at ING and energy expert Anas Alhajji (via TradingView and X), Bitcoin (BTC) successfully defended the critical $100,430 support after oil prices reversed early gains despite geopolitical tensions in the Middle East. Oil markets reacted less dramatically than expected to the U.S. airstrike on Iran, with Brent and WTI both erasing most of their initial 3% spikes. BTC rebounded above $101,000, signaling resilience among risk assets as investors discounted the likelihood of a major oil supply disruption through the Strait of Hormuz. This muted oil reaction has reduced immediate stagflation risks, allowing crypto traders to focus on technical support levels. If BTC maintains support above $100,430, bullish momentum could target previous highs near $110,000, while a break below this level may shift attention to the $95,900 region, where the 100- and 200-day SMAs converge. (Sources: TradingView, ING report, Anas Alhajji/X)

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