Bitcoin seeks support above $81K as Brent crude oil hits highest level since March
Summary
Bitcoin fell below $81,000 during Friday trading, then recovered to about $81,600, as rising oil prices and weaker US stocks prompted risk aversion. Brent crude climbed nearly 3% to $116 per barrel amid US-Iran tensions, while WTI topped $102. Bitcoin slipped below its 50-day moving average near $81,781. Analyst Keith Alan said a failure to reclaim that level by the daily close could lead to a support test in the $78,000–$80,000 range. The $80,000–$81,500 zone was also identified as a key support area based on spot Bitcoin ETF investors’ aggregate cost basis.
