Bitcoin, a symbol of hope for many cryptocurrency investors, shows instability amid rising geopolitical tensions. The latest strike against Iran led to a sharp drop in its price below $100,000.
Bitcoin and the Drop Below $100,000
Following the announcement of strikes against Iran, the price of Bitcoin sharply fell below $100,000, resulting in over $595 million in long positions being liquidated. This triggered panic selling in the market and highlighted its sensitivity to external factors.
Historical Reactions of Bitcoin to Wars
Historically, Bitcoin has reacted unpredictably to military conflicts; however, the current situation is characterized by increased caution among buyers. Support at the $97,000 level remains active but its strength is being questioned by analysts.
Technical Signals in the Crypto Market
Technical indicators show mixed signals: RSI is at 43, MACD remains negative, and liquidity concentration is forming around the $97,000 level. Market volatility is increasing, and traders are closely monitoring changes.
In conditions of instability and uncertainty, many investors remain on the lookout for clear signals to act. The future of Bitcoin remains under threat, although growth prospects cannot be entirely ruled out.
