Bitcoin drops 2.2% as Ukraine, Iran strikes send oil toward one-month high
Summary
Bitcoin rose to $84,254 before falling as renewed doubts about a Russia-Ukraine energy ceasefire and reports of an attack on an oil tanker drove crude prices higher. Brent reached $107.25 and WTI topped $94, raising concerns ahead of US CPI and PPI data. QCP Capital described options positioning as both defensive and open to an upside breakout; it said a move above $87,000 could put $94,000 in focus. Traders identified resistance near $83,400, exchange ask liquidity around $84,500, and bid support near $82,000.
