#BTC Update: What’s Next as Bitcoin Hovers Around $101K?

#BTC120kVs125k Today Bitcoin continues its downward trend, forming lower lows and currently trading near $101,000. Let’s take a closer look at possible scenarios and key factors that could influence the next move:

1. Bounce Scenario

If BTC holds above $100K over the next 24 hours, we could see a bounce back within the familiar $100K–$112K range. This would indicate a continuation of the current rangebound pattern.

2. Geopolitical Tensions: Iran & Israel

If tensions between Iran and Israel ease, BTC may recover from current levels. However, if the conflict escalates further, more downside could be expected.

3. US-Iran Developments

Should the US continue its military actions against Iran, BTC could slip to its next support zone between $91,500 and $93,300.

4. Oil Supply Risks

Any disruption in global oil supply due to geopolitical conflict may negatively affect financial markets. This would also put pressure on BTC, potentially dragging it down to the same support range.#BTC120kVs125kToday