$BTC Bitcoin's price dropped to $103,000 after Israel launched airstrikes on Iran, sparking concerns about a potential bull trap. The cryptocurrency market saw significant liquidations, with approximately $427.84 million in long positions liquidated over the past 24 hours.
*Current Market Situation:*
- *Bitcoin Price*: $104,815.49
- *Percent Change*: -2.41%
- *Market Cap*: $2.17 trillion
*Expert Opinions:*
- *Anthony Pompliano*: Believes Bitcoin could outperform gold and oil in the near future, citing historical trends.
- *Samson Mow*: Suggests now is a good time to buy Bitcoin, advising to accumulate more during price dips ¹ ².
*Key Levels to Watch:*
- *Support Levels*: $100,000, $97,500, $96,450, and $94,300
- *Resistance Points*: $100,780 and $101,867
The situation remains uncertain, with Iran vowing a "severe punishment" in response to the Israeli airstrikes. As the market reacts to these developments, investors are advised to conduct thorough research and consider potential risks ³.