Bitcoin rebounds above 100K as market absorbs Iran war fears

Bitcoin climbed above $ 100,000 after briefly plunging below the key psychological level for the first time a month led by geopolitical tensions of the Middle East.

The rebound follows a steep sale caused by the rise of the Middle East tensions After the American air strikes on Iranian nuclear installations in Fordow, Natanz and Isfahan. A wave of liquidations followed, pushing the bitcoin dropped by almost 4% to a hollow of several weeks of $ 98,615 on June 22. Meanwhile, Ethereum (Ethn) and Solana (GROUND) has seen losses up to 10% and 5%, respectively.

The air strikes, confirmed by President Donald Trump, marked a major escalation in the Israel-Iran conflict. The closure planned by Iran of the Hormuz Strait, a vital route for 20% of world oil shipments, has raised that oil prices are increasing $ 120 to $ 130 per barrel and push us to push us inflation Save around 5%.

The immediate result was a flight to assets with secure in complete safety such as gold and the US dollar, an erasure of $ 40 billion in the cryptocurrency market and nearly a billion dollars in long-position liquidations. However, signs of stabilization emerged quickly.

Bitcoin removed above $ 100,000 thanks to a 75.8% increase in daily negotiation volume to more than $ 48.4 billion. Despite a slight decrease in open interest, quince data shows that the activity of derivatives has also increased, the volume increasing by 67% to 136 billion dollars. This indicates that certain market players have reduced their exhibition in the face of uncertainty but can return.

From a technical point of view, the general trend is always down in the near future. Bitcoin is negotiated below its exponential mobile averages of 10 days and 20 days. A low -top momentum and an inclination to the lower strip close to $ 98,000, a crucial support area, are indicated by the price of Bitcoin which hovers under the midline of Bollinger strips.

Enimony indicators show mixed signals. With a relative force index of 39, the market is low but not yet occurred. Stochastic RSI and stochastic oscillators are in purchase territory, suggesting a potential short -term recovery. The 10 -day momentum and the divergence of mobile average convergence, however, are still firmly lower.

Bitcoin can relate the resistance in the range of $ 105,000 to $ 106,000 if geopolitical tensions calm down. On the other hand, many analysts on X prevent new decreases around $ 92,000 or less if the conflict intensifies, in particular given the threats of reprisals from Iran.

The speed of diplomatic resolution and the question of whether the stock market entries can continue to resist the pressure of the sale will probably determine how bitcoin reacts, as was the case in previous crises.