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Bitcoin's price now driven by rising oil prices, not AI, with key levels at $82,000 and $75,000 to watch.

Market News
28 Oct 2026, 18:49 WIB
UToday
View Source
Bearish
Bitcoin's price now driven by rising oil prices, not AI, with key levels at $82,000 and $75,000 to watch.

Bitcoin has fallen for three consecutive weeks, losing key support at $82,500 amid macroeconomic pressures, particularly rising oil prices. Wintermute highlights that the surge in Brent crude to $116.72 is fueling inflation fears, overshadowing AI sector concerns and influencing Bitcoin's price path. The upcoming Federal Reserve meeting and oil prices above $100 per barrel are critical factors, with a break above $120 potentially prompting a rate hike. Bitcoin could either rebound to $82,000-$82,500 if Fed rhetoric is neutral or drop to $76,000 or lower if it breaks below $80,000. Investors are advised to be cautious until key macroeconomic events unfold.

Bitcoin's next move is influenced by oil prices, providing context for readers. On Pluang, 38 of 50 major cryptocurrencies rose today while 11 fell. Dogecoin (DOGE) gained 2.35% to Rp1.440 with 81% buy orders, Nano (XNO) rose 2.25% to Rp6.135, and Fantom (FTM) dropped 2.05% to Rp11.382. Data is as of Oct 28, 2026 22:22 WIB.

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