Bitcoin Tests $82,000 Resistance Zone After 6% Rally

Bitcoin surged past $81,000 on Friday after a 6% rally, bucking trends in oil and bond markets. The cryptocurrency held above this threshold on Saturday, consolidating its gains from the previous session.

The rebound came as traders reacted to renewed stress in the oil market, higher U.S. bond yields, and fresh regulatory developments in Washington. West Texas Intermediate crude fell below $95 per barrel during Friday's session before recovering to finish around $100 per barrel.

Oil flows through the Strait of Hormuz averaged only 7.6 million barrels per day in August, a significant reduction from pre-conflict levels. The International Energy Agency warned that global oil markets are increasingly reliant on falling demand and inventory drawdowns to offset reduced Gulf exports.

The rally also followed several U.S. regulatory developments after the Senate failed to advance the Digital Asset Market Clarity Act. The Commodity Futures Trading Commission sent a crypto-market rulemaking initiative to the White House Office of Information and Regulatory Affairs, while the Securities and Exchange Commission granted a five-year Innovation Exemption for certain tokenized U.S. stocks.

Bitcoin now approaches another technical test around $82,000, an area that has repeatedly capped recovery attempts. A sustained move through this region would push BTC beyond a resistance zone that has limited gains since May.