WTI oil price stabilizes as Bitcoin holds key support

After three sharply losing sessions, the price of West Texas Intermediate (WTI) crude oil began to stabilize, moving back toward the 50‑day simple moving average (SMA) at $83.00. Buyers re‑entered the market, halting the sell‑off that had pushed prices from $94.50 to $79.50. Technical indicators show a mildly bullish momentum, with the next resistance at $88.70 and a support level around $79.50. Market participants will watch for a decisive break above the $83.00 SMA, while geopolitical developments between the United States and Iran could still affect the market.

Bitcoin is trading near the upper edge of its monthly consolidation range, finding firm support around $63,700. The price has failed to break the $66,500 resistance, and technical signals remain neutral. The 20‑day SMA near $65,000 and the 50‑day SMA around $63,330 are key levels; a clear move above these could trigger further buying, while a drop below $63,330 would revive bearish pressure. Both markets are awaiting a breakout to determine the next direction.