Bitcoin faced renewed volatility this weekend after the United States confirmed airstrikes on Iranian nuclear facilities, sending shockwaves through global markets. The leading cryptocurrency briefly dipped below $102,000, reflecting the market’s sensitivity to geopolitical events, but quickly stabilized above the $100,000 mark as traders assessed the broader impact 1.
Geopolitical Events Shake Crypto Markets
The announcement by former President Donald Trump of direct military action in Iran triggered a swift reaction across the crypto sector. Bitcoin, often seen as a hedge against global uncertainty, was not immune to the initial sell-off. The price tumbled to $100,945 before recovering, while the overall crypto market lost $40 billion in just a few hours. This underscores how even digital assets, which trade 24/7, can be rattled by sudden geopolitical developments.
Traders Eye Support and Historical Patterns
Despite the turbulence, many traders remain optimistic about Bitcoin’s medium-term prospects. Historical data shows that war-related headlines have sometimes acted as a springboard for BTC price rebounds. For example, after the start of the Ukraine conflict in 2022, Bitcoin surged 42% in just over a month—even during a bear market. With Bitcoin now in a bull phase and trading above $100,000, some analysts are watching for a similar pattern to emerge.
Key support levels are being closely monitored. Order book data suggests significant buying interest around $97,000, which could provide a floor if selling pressure intensifies. Some traders see a possible short-term dip toward $93,000–$94,000, but assign only a 20–25% probability to such a move. The consensus is that as long as Bitcoin holds above $93,500, the bullish outlook remains intact, with $104,500 identified as a critical resistance for buyers to regain control.
Market Outlook: Volatility, But Long-Term Optimism
Looking ahead, analysts expect continued volatility as markets digest the implications of the US-Iran conflict. However, forecasts for the coming months remain positive. Projections for June and July 2025 suggest Bitcoin could trade between $100,000 and $125,000, with potential for new highs if macroeconomic conditions align. The resilience shown during previous geopolitical crises gives many traders confidence that Bitcoin could once again benefit from its reputation as a non-sovereign, global asset.
