By analyzing the Bitcoin chart on the weekly timeframe, we can see that after rallying to 111,980 and printing a new all-time high, price faced a correction down to 100,000.
Currently, Bitcoin is trading around 105,700, and with geopolitical tensions escalating, particularly the risk of war, we could see further downside — potentially taking price as low as 90,000.
However, if BTC manages to hold above the 100,000 level, there’s a strong chance we’ll see a short-term rally toward 120,000.
Bitcoin's recent correction comes amid heightened geopolitical tensions, particularly the escalating conflict between Iran and Israel. Such global instability tends to trigger risk-off sentiment, which may pressure crypto markets in the short term.
As long as BTC holds above the 100,000 psychological level, the broader bullish structure remains intact. However, a sustained breakdown below this level could accelerate selling toward the 90,000 support zone.
With volatility on the rise, traders should stay cautious and closely monitor both macro developments and key technical levels.
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