June 22, 2025 – Bitcoin briefly slipped under $102,000 following U.S. President Trump’s confirmation of strikes on Iranian nuclear sites, intensifying geopolitical uncertainty.

🧭 Market reaction: potential $97K support

Following Trump’s televised address (shared via Truth Social) affirming the strikes, BTC fell to fresh month-to-date lows.

Traders highlighted that war-driven news has previously triggered both sharp drops and sudden rebounds—such as Bitcoin’s ~18% fall then ~28% surge in April 2024 after Middle East hostilities.

Some analysts expect a deeper fall into the  $93K–$94K range, although they rate that outcome at only 20–25% probability.

A stronger floor could emerge around  $97,000, aligned with visible liquidity zones in exchange order books.

🤔 What comes next for $BTC ?

Traders remain bullish above  $93,500 but emphasize that retaining  $104,500 is critical for sustaining uptrend momentum.

A weekly close near the current  $102K mark would mark the lowest finish since early May, suggesting continued caution.

Still, history shows that escalating conflicts can sometimes catalyze recovery in risk assets like Bitcoin, as seen during the Ukraine war.

Context from broader markets

Earlier this week, risk assets gained as Middle East worries eased. By Monday, Bitcoin had climbed to roughly  $106.8K—a ~1.3% rise—prompted by improved sentiment around the Iran–Israel tensions.

However, caution returned on Tuesday, with BTC retreating about 0.7% to  $106.1K amid renewed concerns over the conflict; Ethereum and Solana also eased back.

Bitcoins’ movement this week underscores how quickly geopolitical events can sway sentiment—trading currently swings between reactionary lows and resilient technical support. Traders are now closely watching the $97K band and a potential rally above $104.5K to decide whether the dip is a brief pullback or the start of a deeper correction.