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Bitcoin Faces Key Support Test at $78.3K Amid Oil Price Surge

Guavy AI Editorial Team
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BTC
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Bitcoin (BTC) faced a key support test at $78.3K on Tuesday as US crude oil hit a three-month high.

The price of Bitcoin dipped below $78,000 for the first time since September 3, following downside pressure on US equities.

WTI crude oil surged towards $95 per barrel, its highest since June 8, in response to renewed military strikes in the Middle East.

Analyst Rekt Capital noted that if the current support zone fails to hold, BTC/USD would seal another lower high and keep its 2026 bear market firmly in place.

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