According to TradingView data, Bitcoin (BTC) has successfully held key support at $100,430 despite earlier fears of an oil price spike impacting risk assets. Brent and WTI crude oil prices gapped higher by just 3% following geopolitical tensions but erased most gains, with Brent trading at $77 (up 1.4%) and WTI at $76.75 as of the latest update (source: TradingView). Analysts at ING note that the market does not expect Iran to block the Strait of Hormuz, a move that could destabilize oil flows to Asia (source: ING report). Energy expert Anas Alhajji further states on X that such threats are often rhetorical and impractical (source: Anas Alhajji on X). For traders, BTC's resilience above $100K suggests potential for a repeat of the June 5 recovery to $110K, while a break below could target $95,900, the confluence of 100- and 200-day moving averages (source: BTC chart analysis). This muted oil reaction reduces stagflation risks, supporting BTC and other cryptocurrencies in the near term.