🔄 Bitcoin Oversold? Analyst Sees Rebound After Israeli Strike

Geopolitical tensions flared again on June 13 as Israel’s targeted airstrikes on Iran sent shockwaves through crypto markets. Bitcoin plunged nearly 5%, touching lows around $102,800–$103,000, before showing signs of stabilization above $105,000 .

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📉 What Drove the Drop:

Risk-off sentiment: Airstrikes triggered global investor jitters; $BTC dropped ~4–5% from ~$108K–$109K to sub-$103K levels .

Liquidations surge: Over $427M in leveraged longs were liquidated on BTC/ETH futures .

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📈 Analyst Take:

Marcin Kazmierczak (RedStone): These sharp dips often create “temporary dislocations,” which have reversed quickly in past conflicts—and offered buying opportunities .

Bitunix: Suggests risk-off capital could shift into BTC as a safe haven, potentially targeting $110,350 if tensions persist .

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🛠️ Chart Insights:

Support is holding near $102.5K–$103K—reclaiming this zone and closing above $105K may set the stage for a rebound .

Analyst caution: Without firm footing, deeper pullbacks toward support zones (~$100K–$101K) could loom .

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💡 Bottom Line:

This latest dip fits the pattern of geo-driven volatility spikes—with historic precedent for swift recoveries. Watch carefully for:

Support holding above $103K

Bitcoin closing above $105K

Potential move toward $110K+ if geopolitical uncertainty drags on

#IsraelIranConflict #BTCPrediction