Just a day ago, X was buzzing with panic:
"Iran might shut down the Strait of Hormuz! Oil to the moon! Bitcoin$BTC crash incoming!"
But guess what? None of that happened.
🛢️ Oil Spikes… Then Shrinks
After the U.S. airstrikes on Iran, Brent oil briefly jumped to $77.79, but quickly faded — now up just 1.4%.
WTI hit $78.58, then cooled off to $76.75.
Analysts say Iran’s threats are mostly rhetoric, used before (15+ times since the 1980s) — and closing the Strait?
Not happening anytime soon.
It would hurt allies like China, and trigger bigger conflicts no one wants right now.
₿ Bitcoin $BTC Finds Strong Support 💪
While oil cooled down, Bitcoin dipped below $98K but bounced right back above $101K, holding key support at $100,430.
Bulls are defending that level hard — and if history repeats, BTC$BTC could revisit $110K soon.
📊 What It Means:
No oil shock = No stagflation = Good news for crypto & stocks.
Oil “doom” was overhyped. Bitcoin remains strong.
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👀 Moral of the story?
Markets often overreact, and crowds get it wrong.
Stay sharp. Stay focused.
And always watch support zones like $100,430.
🧠 Written by "Muhammad Idrees "
#bitcoin #OilPriceSurge #CryptoMarket #BTCAnalysis #BinanceSquare