Bitcoin’s $81,000 Line Faces a New Test as Oil Surges

By Isaac • October 23, 2026 7:10 pm •

Bitcoin is back at a level that has become far more important than the round number makes it look.

The world’s largest cryptocurrency slipped below $81,000 during Friday’s U.S. trading session as stocks weakened and oil moved sharply higher. The move briefly took Bitcoin to about $80,988, putting the market on the wrong side of its 50-day moving average at roughly $81,781.

That leaves the immediate question simple: Can buyers reclaim the trend line before this pullback turns into a deeper support test?

Cointelegraph reported that Brent crude climbed to around $116 per barrel, its highest level since March 19, while Bitcoin and U.S. equities moved lower. Expensive oil can revive inflation concerns, complicate the interest-rate