Bitcoin Dips Below $102K as Iran Strikes Roil Markets

Bitcoin plunged below $102,000 after the US confirmed strikes on Iranian nuclear facilities, testing key support levels as traders debate whether geopolitical chaos could ultimately benefit BTC.

Markets React to Escalating Conflict

• BTC/USD dropped following Trump’s announcement of Iran strikes
• Weekly close risks being lowest since early May
• Traders watching $97,000 support zone (CoinGlass data)

Where Could Bitcoin Bottom?

Analysts are divided on potential floors:
✅ $93K-$94K: Possible bottom zone (20-25% chance)
✅ $97K: Major order book liquidity support
✅ $104.5K: Level bulls need to reclaim control

Historical Precedent: War & Bitcoin

• 2022 Ukraine war: BTC rallied +42% in 35 days during bear market
• April 2024: Recovered strongly after US tariff news
• Traders speculate similar rebound possible post-conflict