Bitcoin seeks support above $81K as Brent crude oil hits highest level since March

Trading volume was modest, indicating cautious market sentiment

Data showed BTC/USD fell to $80,988, then rose to about $81,600 at writing. U. S. stocks opened lower; the S&P 500 dropped 0.6%, Nasdaq 0.2%, and Dow Jones 1.4%. The 10‑year U. S. Treasury yield fell to 4.939%, its lowest since September 23. Oil prices rose as traders feared U. S. military action against Iran. WTI climbed past $102, and Brent jumped nearly 3% to $116, the highest level since mid‑March. Robin Brooks said prices are rising even though Persian Gulf flows are near pre‑war levels, and Saudi Arabia has exceeded pre‑war averages. Keith Alan, co‑founder of Material Indicators, said Bitcoin fell below its 50‑day moving average to $81,781. He warned it may test support between $78,000 and $80,000 this week. Analysts see strong support for Bitcoin between $80,000 and $81,500, reflecting aggregate cost bases of Bitcoin ETF investors. The one-hour chart shows a brief dip before the recovery.

Trading volume was modest, indicating cautious market sentiment. The 10-year Treasury yield stayed below 5% throughout the session. Oil supply concerns persisted as tensions escalated. The market reacted to both geopolitical risk and monetary policy expectations. Investors are watching for a clear break above $81,000 to confirm bullish momentum. If the price fails to hold, the next support level could be $78,000. Conversely, a break below $80,000 may trigger further declines toward $76,000. The S&P 500's 0.6% drop erased some of its recent gains. Nasdaq's 0.2% decline was less pronounced than the broader market. Dow Jones' 1.4% fall highlighted weakness in industrial stocks. The 10-year Treasury yield's drop to 4.939% reflects easing inflation expectations. Brent's 3% rise to $116 marks its steepest increase since March. WTI's move above $102 signals heightened supply concerns. The risk premium embedded in oil prices suggests heightened geopolitical tension.

Robin Brooks emphasized that despite higher prices, Gulf flows remain near

Robin Brooks emphasized that despite higher prices, Gulf flows remain near pre-war levels. He also noted that Saudi Arabia's production exceeded pre-war averages. Keith Alan warned that a failure to reclaim the 50-day SMA could lead to a test of $78,000. He added that a sustained close above $81,500 would likely keep the rally alive.