Bitcoin falls below $77K as WTI crude jumps above $104

2 min

Oil hits $104 as talks stall; Bitcoin slips to $76,180, loses breakout

WTI crude spiked to $104. Bitcoin fell back under $77,000.

The MACD histogram turned red, per the TradingView chart.

BTC printed $76,180 on April 28. Lowest since April 22. It had topped $78,000 earlier this week. Source: TradingView.

BTC technicals on TradingView

Key levels now:

Reclaim $77,000 and clear the upper Bollinger Band near $79,850
Immediate support around $75,490 at the middle Bollinger Band
$77,000 has been pivotal since early February; retest failed on April 17; brief breakout on April 22

Oil jumped as US–Iran negotiations broke down. Trump rejected Tehran’s April 27 proposal. Back-channel contact continues; face-to-face talks are frozen. Source: Al Jazeera liveblog.

WTI ran from $98 to a $104 peak, then eased to $101. Up 2.50% on the day and over 4% on the week, after a 12.70% surge the prior week. Source: OilPrice charts.

Bitcoin fell 2% on April 28 after a 1.64% drop the day before. The two-day slide erased over $3,000 from recent levels. Source: TradingView.

Broader uncertainty tied to Middle East tensions is in play. See New York Times.