Bitcoin Defies Gravity at Critical Support While Oil ’Doomers’ Left Fuming as Brent & WTI Surrender Gains
Bitcoin's resilience shines as it anchors at a crucial support level—meanwhile, oil bears get a reality check.
Digital Gold Holds the Line
BTC refuses to buckle, defending its key price floor like a seasoned crypto veteran. No panic, no fire sales—just steady hands stacking sats.
Black Gold's False Dawn
Brent and WTI crude teased rally potential before snatching defeat from the jaws of victory. Another day, another reminder that oil markets love humbling overconfident traders.
As traditional commodities wobble, Bitcoin keeps doing what it does best: making hodlers rich and skeptics poor. The more things change on Wall Street, the more crypto proves it's the only asset class that actually follows its own rules—much to the Fed's dismay.
BTC holds key support
All this means that the much-feared oil price spike may not materialize soon, which could help BTC and other risk assets avoid a sell-off. A big surge in oil would increase the risk of major economies slipping into stagflation, the worst outcome for most assets, including bitcoin.
BTC's chart shows that bears failed to establish a foothold below the horizontal support at $100,430 on Sunday. Buyers stepped in around that level on June 5, taking prices higher to $110,000 in subsequent days.
Oil's muted reaction suggests the potential for history to repeat itself. On the flip side, acceptance under the support would shift the focus to the confluence of the 100- and 200-day simple moving averages at around $95,900.
