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