$BTC just took a nasty tumble—dropping about 3.2% intraday from roughly $108 K to $104.5 K. That plunge’s fueled by a triple whammy: geopolitical tension (the Israel‑Iran flare‑up), fading hopes for Fed rate cuts, and leveraged liquidations wiping out over $1.15 billion in crypto positions .
Quick history: Born in 2009, Bitcoin broke $1K in early 2017, hit $20K late 2017 before crashing. It soared past $60K in 2021, then sank in the 2022 crypto winter. This year it tagged all‑time highs near $112 K in May .
What’s next?
Technically, BTC is wrestling with support around $106K and $104K. A break below could see it retest $100K territory. But if it holds, we might get a rebound toward $110–112 K again.
Short term? Volatile. Long term? Bulls think it’s only a matter of time before fresh highs 🔥