Bitcoin (BTC) fell below its 50-hour exponential moving average (EMA) this week and dropped to $105,552 as tensions in the Middle East escalated. The recent events, including Israeli airstrikes on Iranian military and nuclear facilities, sent risk assets lower, and markets are digesting the risk of a broader conflict.
BTC, often regarded as a digital haven, declined 1.6% during the news cycle, underperforming gold and high-beta assets, such as tech stocks.
BTC & ETH: THIS WILL GET MUCH WORSE!!!!!
The situation in the middle east is heating up which is not great short term for bitcoin and crypto in general. Here is all you need to know!
Watch now 
https://t.co/wTyyzStgqd pic.twitter.com/hWHKSeYe5V
— Thomas Kralow (@TKralow) June 16, 2025
Gold went to new all-time highs, so investors are still treating BTC as a risk-on asset rather than a hedge. Major altcoins, such as Ethereum, Solana, and XRP, followed, and billions were wiped from the cryptocurrency market.
ETF Inflows and Bitcoin Technical Support Catch the Fall
Despite the sell-off, Bitcoin found support near $105,000 and bounced to $106,136 by June 17. The bounce was partly driven by institutional inflows into US spot Bitcoin ETFs, which saw over $1.3 billion last week, according to BitMEX.
Technical indicators are mixed:
BTC failed to hold above $107,790
Price is trapped in a broadening wedge
MACD is negative
RSI is neutral at 50
The 50-EMA at $106,671 is now acting as resistance, and bears are eyeing a deeper pullback to $104,633 and $102,861 if the price breaks below $105,000 on strong volume.
Outlook: Will Bitcoin go to $95K or bounce above $112K?
Looking ahead, Bitcoin’s next move depends on how the geopolitical narrative plays out. A sharp escalation in the Israel-Iran conflict could further damage risk sentiment and take BTC below $100K. The next major support is around $95,000, a key psychological and technical level.
In response to Israel launching an airstrike against Iran, gold is up another $24 in early Asian trading, back above $3,410. Bitcoin, on the other hand, just tanked below $104.5K. Priced in gold, Bitcoin is now more than 15% below its Nov. 2021 peak. Bitcoin's failure to rise…
— Peter Schiff (@PeterSchiff) June 13, 2025
If diplomacy prevails and ETF demand remains strong, Bitcoin could retest the 50-day EMA and aim for $108,993. A close above $112,000 would confirm a bullish trend and potentially open up the $120,000 level.
Bitcoin Price Chart – Source: Tradingview
Levels to Watch:
Resistance: $106,671, $107,790, $108,993
Support: $105,000, $104,633, $102,861, $95,000
Trade: Below $105K and short to $104K with stop above $106K.
Above $107,790 on volume and bullish.
BTC Bull Token Nears $8.2M Cap as 58% APY Staking Attracts Last-Minute Buyers
With BTC trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL). The project has now raised $7,141,005.09 out of its $8,216,177 cap, leaving less than $1 million before the next token price hike. The current price of $0.00256 is expected to increase once the cap is hit.
BTC Bull Token links its value directly to Bitcoin through two core mechanisms:
BTC Airdrops reward holders, with presale participants receiving priority.
Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply.
The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering:
The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering:
No lockups or fees
Full liquidity
Stable passive yields, even in volatile markets
This staking model appeals to both DeFi veterans and newcomers seeking hands-off income.
With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.
The post Bitcoin Price Prediction: How a War Shock Could Trigger Bitcoin’s Next Pullback to This Level appeared first on Cryptonews.
