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The decline extended the broad retreat that began on October 7, when Bitcoin fell toward $84,000 after buyers failed to sustain higher prices. That earlier crypto-market pullback hit major tokens as leveraged long positions were unwound; the latest move has pushed Bitcoin further below the levels it had recently struggled to hold.
Key Takeaways
- Oil climbed after a report on possible U.S. strike options against Iran.
- The 0.236 Fibonacci level and 50-day SMA meet near $80,500.
- $76,100 is the next lower Fibonacci reference.
Oil put inflation and Treasury yields back in focus
Bitcoin’s decline came after The Atlantic reported that the White House had asked the Pentagon to develop options for possible strikes against Iran. The report cited administration officials and did not say that a military operation had been approved.
Oil nevertheless moved h...
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