Bitcoin price rebound comes under threat from UN Security Council alarm and Hormuz oil scare

Bitcoin's price rebound, holding near $66,000 over the weekend, is threatened by escalating geopolitical risks stemming from strikes involving the U.S., Israel, and Iran, which prompted an emergency U.N. Security Council meeting warning of wider conflict. The crisis has shifted market attention to the energy sector, specifically heightened risks around the Strait of Hormuz, which could tighten financial conditions by increasing crude pricing and shipping costs, making Bitcoin trade more like a high-beta macro asset.

The market's next major test will be Monday's U.S. market open, which will resume spot ETF flows and provide deeper liquidity. If energy fears persist and oil prices remain elevated, Bitcoin could face pressure; however, renewed strong ETF inflows could support the rebound and allow it to extend higher.

Traders are watching key price levels, with mid-$64,000 acting as primary support. A contained escalation scenario relies on stabilizing energy fears and positive ETF flows to reclaim resistance, while an energy shock scenario—where high oil prices tighten financial conditions—could see Bitcoin lose support and face deeper selling.

(Source：CryptoSlate)