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.
đąïž Oil Spikes⊠Then Shrinks
After the U.S. airstrikes on Iran, Brent oil briefly jumped to $77.79, but quickly faded â now up just 1.4%.
WTI hit $78.58, then cooled off to $76.75.
Analysts say Iranâs threats are mostly rhetoric, used before (15+ times since the 1980s) â and closing the Strait?
Not happening anytime soon.
It would hurt allies like China, and trigger bigger conflicts no one wants right now.
âż Bitcoin $BTC Finds Strong Support đȘ
While oil cooled down, Bitcoin dipped below $98K but bounced right back above $101K, holding key support at $100,430.
Bulls are defending that level hard â and if history repeats, BTC$BTC could revisit $110K soon.
đ What It Means:
No oil shock = No stagflation = Good news for crypto & stocks.
Oil âdoomâ was overhyped. Bitcoin remains strong.
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đ Moral of the story?
Markets often overreact, and crowds get it wrong.
Stay sharp. Stay focused.
And always watch support zones like $100,430.
đ§ Written by "Muhammad Idrees "
#bitcoin #OilPriceSurge #CryptoMarket #BTCAnalysis #BinanceSquare