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<h2 id="strong-key-takeaways-strong"><strong>Key Takeaways</strong></h2>
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  <li><strong>BTC lost the ascending channel from $57,800 and trades below the 0.236 Fibonacci level at $63,700, with an intraday low of $62,500.</strong></li>
  <li><strong>US Central Command said forces struck Iran in response to an attack on a container ship, with the status of the Strait of Hormuz disputed.</strong></li>
  <li><strong>WTI crude jumped 3.71% to $74.06 and Brent rose 3.75% to $78.86, while gold slid as much as 1.6% before trading near $4,057.</strong></li>
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<h2 id="the-rejection-came-before-the-news-it-was-waiting-for">The Rejection Came Before the News It Was Waiting For</h2>
<p>The setup resolved in the direction the failed test implied. Bitcoin never printed a daily close above the 50-day average, and the pullback that followed has now cut through<a href="https://coindoo.com/bitcoin-resistance-will-bulls-break-through/" rel="noopener noreferrer nofollow"> both the lower boundary</a> of the rising channel that carried the recovery from $57,800 and the 0.236 Fibonacci retracement at $63,700 that served as the structure’s horizontal floor. What was support through two weeks of higher lows becomes the overhead problem: $63,700 is first resistance, with the 50-day just above at $64,605 and still falling.</p>
<figure class="wp-caption aligncenter"><img src="https://coindoo.com/wp-content/uploads/2026/07/IMAGE-2026-07-13-103301.jpg" alt="A daily technical analysis chart for BTC/USD on Binance as of July 13, 2026, featuring Fibonacci retracement levels, moving averages, and an RSI indicator." width="1280" height="875">
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  Daily BTC/USD technical chart showing price action relative to Fibonacci levels and key moving averages.
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</figure>
<p>The daily RSI at 48 has slipped back below its midline, erasing the momentum edge the channel had built. Below the current price, the reference points are the $60,000 area where the July advance accelerated and the June low at $57,820, the level that anchors the entire retracement grid. The 0.382 level at $67,342 that served as the breakout target now requires reclaiming two broken supports before it re-enters the conversation.</p>
<h2 id="the-weekend-repriced-one-fear">The Weekend Repriced One Fear</h2>
<p>The catalyst did not wait for Monday’s calendar. <a href="https://www.washingtonpost.com/world/2026/07/11/us-strikes-iran-it-declares-strait-hormuz-closed-fires-ship/" rel="noopener noreferrer nofollow">According to Washington Post</a>, US Central Command said American forces struck Iran in response to an attack on a container ship, and the status of the Strait of Hormuz was left unclear, with Washington denying Tehran’s statement that the waterway would close “until further notice.”</p>
<p>The moves priced a single chain of consequences: a wider war keeps oil elevated, elevated oil feeds <a rel="noopener noreferrer nofollow">inflation</a>, and sticky inflation could force the Federal Reserve to hold rates higher for longer. WTI crude jumped 3.71% to $74 and Brent gained 3.75% to $78.8,<a href="https://oilprice.com/" rel="noopener noreferrer nofollow"> per OilPrice.</a> Gold, the instinctive war hedge, instead slid as much as 1.6% <a href="https://goldprice.org/" rel="noopener noreferrer nofollow">to trade near</a> $4,057 at the time of writing, with silver down 1.4% at $58.2, because the rates leg of the trade dominated the safety leg: higher-for-longer lifts real yields, and real yields are the enemy of non-yielding assets, precious metals and Bitcoin alike. The Fed’s June meeting minutes gave that fear a paper trail: a few policymakers argued for a rate increase before ultimately siding with a hold.</p>
<p>That framing might explain why Bitcoin sold off alongside gold rather than catching any haven bid. It looks like the market is not treating the strikes as a flight-to-safety event but as as an inflation event, and in an inflation event every asset priced against the dollar’s forward path loses at once.</p>
<div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light">
 <h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5><a href="https://coindoo.com/bitcoin-bottom-hunt-what-market-signals-show/" rel="noopener noreferrer nofollow">
  <div class="contentRight col-4"><span><img src="https://coindoo.com/wp-content/uploads/2026/03/bitcoin-btc-cityscape-i2140.jpg"></span>
  </div>
  <div class="contentLeft col-8">
   <h4 class="title mb-0">Bitcoin’s Bottom Hunt: What 4 Market Signals Show</h4>
  </div></a>
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<h2 id="the-catalysts-are-still-coming-into-a-weaker-chart">The Catalysts Are Still Coming, Into a Weaker Chart</h2>
<p>The irony of the timing is that the week’s scheduled variables remain live, and they now land on a broken structure instead of a coiled one. Strategy’s disclosure window opens today. US CPI arrives July 14, the same day Fed Chair Kevin Warsh begins two days of congressional testimony, and an oil-driven upside surprise in the coming months is now the explicit risk the weekend created.</p>
<p>The levels do the summarizing. Reclaiming $63,700 and then the 50-day near $64,600 on daily closes could repair the breakdown and mark the sell-off as a geopolitical overreaction, the pattern Bitcoin printed twice already this month around Iran headlines. Failing that, a test of $60,000 comes first, and a hot CPI on top of $74 oil can put the June low at $57,820 back in play. The channel gave the recovery its shape; without it, every bounce is unstructured until proven otherwise.</p>
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 <p><strong><em>The information provided in this article is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry a high level of risk, and readers should conduct their own research and consult a professional advisor before making any investment decisions. Coindoo is not responsible for any losses incurred as a result of actions taken based on the content of this article.</em></strong></p>
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<p>The post <a href="https://coindoo.com/bitcoin-breaks-channel-us-strikes-iran-lift-oil/" rel="noopener noreferrer nofollow">Bitcoin Breaks Its Channel as US-Iran Strikes Lift Oil 4%</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Bitcoin Breaks Its Channel as US-Iran Strikes Lift Oil 4%

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