On June 22nd, Bitcoin prices fell to $98,000. This is a level that has not been seen since May 8th last year. Therefore, it marks a decline of almost 5% (as regards the previous day) driven by the geopolitical tensions of war in the Middle East.
Enhanced escalation of reported conflicts through encryption After the US attacks on Iran’s nuclear facility. As a result, the Iranian parliament is considering closing the Strait of Ormuz, a strategic route that travels 20% of the world’s oil. Serious impact on the global economy.
If these tensions show no signs of relaxation and investors continue to settle their positions in BTC, Prices could deepen autumn In the next few hours or days.
BTC can descend to the next support zone, Almost $96,000 (represented by the blue line)as seen in the following TradingView chart:
What do analysts think about the Middle East conflict and Bitcoin prices?
he trader Known as Santinocripto, in X Publications on June 22nd, after the US bombing. To an Iranian nuclear base, he said:Market volatility is expectednext week’s Bitcoin and cryptocurrency will travel in the market for a few days».
But he predicted with some enthusiasm. My current market bias is still bullish It faces the rest of the 2025 inch.
In line with the same policy, analyst Benjamin Cowen said:
Both analysts agree that Bitcoin can touch the level of nearly $95,000, but can maintain an optimistic medium-term vision.
On his part, trader Merlin compared the current situation to the start of the Ukraine-Russian war in 2022 and used it to establish an optimistic future.
“The fear of war is strong. But there are more facts. 2022, Bitcoin rose 42% in 35 days After the war in Ukraine began. It was a total bear market. It’s 2025 now. The fear of war is rising again. And we continue in an upward market.” trader.
That precedent is ventured and uncertain, but if it is satisfied with the current scenario and BTC rises by 42%, then its price is Over $140,000 End of July.
Meanwhile, Bitconnor’s David Batalia said “BTC is cheap and strong” when Bitcoin priced around $102,000 on June 21, shortly after the US attack. The statement reflects the fundamental robustness of Bitcoin as a network, and the trust in the long-term value of assets, even at the center of current turbulence.
Finally, analysis On-chain Add an additional perspective layer from the alfractal part. The report found that Bitcoin reached “short-term holder price” when it fell below $99,000, the level representing the average acquisition of all Bitcoins purchased over the past 155 days.
That point is identified As short-term key supportsuggests that investors can protect this range to avoid losses.
However, alfractal Warn that extreme caution is required When operating in this context with BTC, additional failures below this level can indicate more pronounced sales pressure, leaving assets in uncertain terrain while conflicts in the Middle East continue to develop.
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