The cryptocurrency market has faced a hard blow in the last 24 hours, the price of Bitcoin, dropped by 4%, falling below $ 100,000 for the first time in weeks. This sharp decline occurred after a new shocking of the world scene: the president FUS, Donald Trump, announced a bombing operation on three nuclear sites in Iran, calling it as a “successful” mission which left the “erased” facilities.
After this attack, Iran was a new threat to close the Hormuz Strait – a critical path for world oil expeditions. This increased geopolitical tension has frightened world markets, including crypto, triggering a wave of panic and liquidation sales.
In one day, more than $ 1.02 billion in posts were liquidated on the cryptography market, the bitcoin leading the slide. Popular altcoins like Ethereum and Solana also broke key support levels, signaling possible falls.
What is the next step for Bitcoin?
According to market analysts, Bitcoin is currently testing a support area between $ 100,000 and $ 102,000. If he manages to hold above this, there could be a temporary movement or a movement laterally. However, if Bitcoin falls below this range, the next potential support represents between $ 96,000 and 97,000. At the time of writing the editorial time, BTC fell below this support.
There is also a weakening momentum within the larger time. Several technical indicators refer to a longer possible correction phase or to an extended lateral consolidation of Bitcoin in the weeks or months to come.
Although short -term minor recovery can occur, analysts predict that high bull movements are unlikely in the immediate future due to technical weakness and the ongoing geopolitical risks.
