Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally
Summary
Bitcoin fell 1.7% to below $77,000 after reaching $78,750, as hopes for a diplomatic resolution to the US-Iran conflict failed to sustain gains. Oil prices dropped sharply following comments from Secretary of State Marco Rubio, while US stocks opened higher but faced caution ahead of major earnings reports. Analysts identified $76,000–$76,600 as key Bitcoin support; a break could expose the 50-week average near $75,700 and the 200-day average near $73,100. Resistance is around $79,500–$80,500, with a daily close above $79,500 potentially restoring momentum.
