Bitcoin price risks sub-$100K dive after Trump confirms Iran strikes

Key Points

  • Bitcoin price drops below $102,000 following US strikes on Iran's nuclear facilities, confirmed by President Trump.
  • Traders remain optimistic, citing past instances where war-related news triggered BTC price rebounds.
  • Price analysis indicates potential support at around $97,000, aligning with order book liquidity.
  • Some traders predict a possible dip to $93,000-$94,000 before a reversal, though with low probability.

Summary

Bitcoin's price faced significant pressure, dipping below $102,000, as geopolitical tensions escalated with US President Donald Trump's confirmation of strikes on Iran's nuclear facilities on June 22, 2025. The announcement, shared via Truth Social, urged Iran to seek peace to avoid further attacks, contributing to a souring of crypto market sentiment ahead of a volatile Wall Street trading week. Despite the decline, Bitcoin traders expressed cautious optimism, referencing historical patterns where war-related headlines, such as the Ukraine conflict in 2022, led to substantial BTC price surges even in bear markets. Current analysis suggests a potential local bottom around $97,000, supported by exchange order book liquidity data from CoinGlass. Traders like Cas Abbe speculated on a further drop to $93,000-$94,000 before a reversal, though with only a 20%-25% likelihood, while others like Crypto Tony emphasized the importance of holding above $104,500 for bullish control. As Bitcoin risks its lowest weekly close since early May, the interplay of geopolitical uncertainty and market dynamics continues to shape its trajectory, with some believing the current bull market above $100,000 could amplify a historical repeat of gains fueled by war fears. Investors are advised to conduct thorough research, as market movements remain inherently risky.

cointelegraph
June 23, 2025
Crypto
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