News · Cointelegraph

Bitcoin seeks support above $81K as Brent crude oil hits highest level since March

Bitcoin dipped below $81,000 as US stocks slipped and Brent crude rose to $116 per barrel, its highest since March 19, amid Middle East tensions. Concerns that the US may renew military strikes on Iran around the midterm elections pushed WTI above $102 per barrel. BTC fell to $80,988 before recovering to around $81,600, while bulls were trying to reclaim the 50-day simple moving average at $81,781. Analyst Keith Alan said that if that fails by the close, he is looking for a support test in the $78k–$80k range. Cointelegraph noted that $80,000–$81,500 is where investors in spot Bitcoin ETFs have their aggregate cost basis, making it a notable support zone.

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bitcoinoil pricesIrangeopolitics

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Related tickers and likely impact

BTC/USDT

▼ Likely negative

Bitcoin

Relevance: medium

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/22/202681,416.09
Change that session-3.18%
BTC/USDT price, forecasts and signals →

PLX

▼ Likely negative

Petrolimex

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryIntegrated Oil & Gas
Market cap45,551 bn VND
P/E14.2
P/B1.87
Close on 10/23/202635.45
Change that session-1.12%
PLX price, forecasts and signals →

PVD

▲ Likely positive

PetroVietNam

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryOil Equipment & Services
Market cap17,534 bn VND
P/E15.8
P/B1.01
Close on 10/23/202618.70
Change that session-1.06%
PVD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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