#BTCbelow100k 🔻 Bitcoin fell below $100K, but the bulls won't give up! 💥
After weeks of tension in the markets, Bitcoin (BTC) briefly broke the $100,000 USD level, marking a low near $99,580 on June 22nd. This drop was driven by geopolitical factors, including the escalation of the conflict between the U.S. and Iran, which generated strong risk aversion among global investors.
🧨 Many thought this correction would mark the beginning of a bear market, but BTC surprised: it quickly recovered and by June 26th it was trading above $107,000 USD. Analysts point out that Bitcoin flows to exchanges are at 10-year lows, indicating accumulation by major players.
📊 Additionally, a formation of a “bullish pennant” is observed in the technical charts, which could push BTC to new highs if it breaks the $110K resistance. Some models even point to $165K if the momentum is maintained.
🔍 Key levels to watch:
Strong support: $100,000
Immediate resistance: $110,000
Bullish target: $112,000 and $120,000
📣 What do you think? Was this drop just a shake before the real rally? Are you buying the dip or waiting for confirmations?