Will Bitcoin price hold $65K support as oil surge revives inflation fears?

Bitcoin price has fallen 1.4% from an intraday high of $66,300 to $65,368 as rising oil prices, renewed U.S.-Iran tensions, and regulatory uncertainty have pushed traders toward a more defensive stance. Summary Bitcoin price has retested $65,000 as rising oil prices and geopolitical tensions pressure risk assets. ETF inflows support demand, but 4-hour momentum has weakened below the $66,800 resistance. Losing $65,000 could expose liquidity near $64,500 before the $63,170 moving-average support. The decline erased part of Bitcoin’s recent recovery and brought the $65,000 support level back into focus. Selling accelerated after BTC failed to hold above $66,000, while the Fear and Greed Index remained in neutral territory as traders weighed institutional inflows against fresh macroeconomic risks. Political uncertainty added to the pressure after Senate Democrats objected to parts of the latest Digital Asset Market Clarity Act proposal. Polymarket traders had lowered the probability of the bill becoming law in 2026 to about 37% earlier this week as ethics rules and investor protections remained unresolved. At the same time, BitMEX announced that it would close its derivatives exchange ...