--- title: "Bitcoin Falls to $83,000 as Gold Plunges 3% on Fresh Oil Price Surge" type: "News" locale: "en" url: "https://longbridge.com/en/news/300302192.md" description: "Bitcoin dropped 1.5% to $83,000 as oil prices surged and markets turned risk-off. Gold fell 3% due to rising Treasury yields, a stronger dollar, and increased bets on Federal Reserve rate hikes. Analyst Dan Khus attributed Bitcoin's pullback to profit-taking and liquidations following a recent rally. Key support levels for BTC are at $81,549 and $79,757, with future price action dependent on upcoming PCE inflation data and payrolls reports." datetime: "2026-09-28T11:51:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300302192.md) - [en](https://longbridge.com/en/news/300302192.md) - [zh-HK](https://longbridge.com/zh-HK/news/300302192.md) generator: "portal-rs" --- # Bitcoin Falls to $83,000 as Gold Plunges 3% on Fresh Oil Price Surge **Bitcoin** (CRYPTO: BTC) is down 1.5% Monday morning as gold, measured by **SPDR Gold Shares** (NASDAQ:GLD), slid 3% against the backdrop of a renewed surge in oil prices. Brent crude climbed toward $108 a barrel after Tehran refused to soften its demands for reopening the Strait of Hormuz.  Meanwhile, President **Donald Trump** sent mixed signals on further talks. Treasuries then sold off across the curve, with the five-year yield rising seven basis points to 5.06% as traders added to rate-hike bets ahead of Wednesday’s PCE inflation reading. Nasdaq 100 futures dropped 1%. LVRG Research chief analyst Dan Khus blamed a pileup of pressures for Bitcoin’s slide. “Bitcoin’s pullback from last week’s highs is more likely a risk-off squeeze following a sharp four-day rally, profit-taking, and a $500 million-plus liquidation wave,” Khus told CoinDesk. He added that Wednesday’s PCE and Friday’s payrolls will decide whether Bitcoin reclaims the mid-$80,000s. ### Why Gold Is Falling Too Gold posted its biggest drop in a month, and silver fell alongside it. Four forces are weighing on both metals: - Fed hike bets — CME FedWatch shows a roughly 70% chance of an October hike, and metals pay no interest - Bond yields — the 10-year Treasury yield hit 5.20% - Stronger dollar — the US Dollar Index reached 101.39, a two-month high ### BTC Price Analysis: Key Levels to Watch BTC is drifting toward the midline of the ascending channel that has guided price higher since the mid-August breakout.  However, EMAs remain stacked bullish, so the move looks like a controlled pullback rather than a trend break. - Resistance: $86,853 (recent high), then $90,000 (channel top) - Support: $81,549 (20-day EMA), then $79,757 (SAR) *Image: Shutterstock* **Read Also: Dogecoin Whales Getting Ready for 'Bullish Breakout,' Says Popular Analyst: 'Major Resistance' Sits at This Level** ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [DUG.US](https://longbridge.com/en/quote/DUG.US.md) - [ERX.US](https://longbridge.com/en/quote/ERX.US.md) - [ERY.US](https://longbridge.com/en/quote/ERY.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [GLDM.US](https://longbridge.com/en/quote/GLDM.US.md) - [GLL.US](https://longbridge.com/en/quote/GLL.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [MLPA.US](https://longbridge.com/en/quote/MLPA.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [SCO.US](https://longbridge.com/en/quote/SCO.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [UGL.US](https://longbridge.com/en/quote/UGL.US.md) - [USDU.US](https://longbridge.com/en/quote/USDU.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [518850.CN](https://longbridge.com/en/quote/518850.CN.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [CME.US](https://longbridge.com/en/quote/CME.US.md) - [SSTK.US](https://longbridge.com/en/quote/SSTK.US.md) ## Related News & Research - [Oil rebounds after Trump rejects Iran peace deal](https://longbridge.com/en/news/300229709.md) - [Bitcoin's 'Last Resort' Quantum-Safe Solution Just Got 79% Cheaper: StarkWare](https://longbridge.com/en/news/300159443.md) - [Polymarket launches 15-minute Bitcoin price markets on US app](https://longbridge.com/en/news/300330239.md) - [YouTube removes Bitcoin Treasuries channel ahead of conference, cites harmful content](https://longbridge.com/en/news/300229228.md) - [LIVE MARKETS-Oil may top $150 if disruptions run into spring 2027 - BofA](https://longbridge.com/en/news/299884847.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**