#ScalpingStrategy #USNationalDebt #MarketPullback #CryptoStocks $BTC $ETH Bitcoin price risks sub-$100K dive after Trump confirms Iran strikes
BTC price declines accelerate as the US hits Iran's nuclear facilities, but traders are hopeful that Bitcoin may even gain from geopolitical uncertainty.
Key points:
Bitcoin sees a snap reaction to news of direct US involvement in the Israel-Iran conflict, dipping below $102,000.
Traders note that war-based headlines have acted as a BTC price springboard in the past.
Price analysis suggests that a local bottom may coincide with order book liquidity at around $97,000.
BTC
$102,611
risked new month-to-date lows into the June 22 weekly close as geopolitical threats soured crypto sentiment.
Bitcoin can still gain from war headlines — Traders
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling under $102,000 as US President Donald Trump confirmed strikes on nuclear facilities in Iran.
Iran, Trump said during a televised address uploaded to Truth Social, “must now make peace” or face additional strikes.
Ahead of what promised to be a volatile open to the Wall Street trading week, Bitcoin traders began considering potential BTC price bottom levels.
“A dump towards $93K-$94K before bottom formation and reversal,” popular trader Cas Abbe suggested, adding that the low $90,000 zone only had a “20%-25% chance” of being reached.
Abbe and others referenced events in April, when BTC/USD suffered following the announcement of reciprocal US trade tariffs before beginning a sustained rebound to new all-time highs.
In 2022, $BTC pumped +42% in 35 days after the Ukraine war began. That was deep in a bear market,” fellow trader Merlijn continued with another historical geopolitical comparison.
“Now it’s 2025. War fears rise again. But Bitcoin’s above $100K. And we’re still in a bull market. What happens if history repeats with more fuel?”
$97,000 BTC price support in play
With hours until the weekly close, however, BTC price strength still
