Bitcoin is back below $77K, down 1.7%, even as WTI crude slid 7% on hopes of a US-Iran diplomatic resolution. A 7% oil drop and higher stock open still failed to spark a BTC rally, and Rekt Capital sa

What happened: Bitcoin fell about 1.7% on Monday, dropping below $77,000 after the Wall Street open, even as a 7% slide in oil prices failed to spark a rally. Key numbers: BTC reached a local high of $78,750 after Sunday's weekly close. WTI crude touched $95.15 per barrel, its lowest since Oct. 15, and was down over 7% near $96.50. Why it matters: Rekt Capital said BTC failed to break resistance at $78,500, opening the door to levels below $76,000. QCP Capital flagged the $76,000 to $76,600 support band, with a daily close above $79,500 needed to recover the band lost on Thursday.

Bitcoin fell about 1.7% on Monday, dropping below $77,000 after the Wall Street open, even as a 7% slide in oil prices failed to spark a rally.

Rekt Capital said BTC failed to break resistance at $78,500, opening the door to levels below $76,000. QCP Capital flagged the $76,000 to $76,600 support band, with a daily close above $79,500 needed to recover the band lost on Thursday.