Oil spike and Iran tensions push BTC toward $66,600 support

BTC hovers near $69,200 after losing $70,000 intraday. February CPI printed 2.4% YoY, core 2.5% — data came before the oil jump.

Risk-off followed Iran-linked tensions. Brent holds above $90, pressuring equities and crypto. Source: TradingEconomics.

BTC consolidates above a key demand zone. Price is near $69,200 on spot charts. Source: TradingView.

Inflation came in as expected. Headline CPI 2.4% YoY, core 2.5%. Markets await March data to gauge the energy shock. Source: The Kobeissi Letter (X).

Key levels traders watch:
- Support at $66,600; a break risks $64,800. Chart: TradingView
- Reclaim above $70,000 needed to improve structure. Chart: TradingView

If crude stays elevated, drawdown risk for crypto rises alongside broader de-risking. Oil data.