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Bitcoin Dips Below $100K After U.S. Airstrike on Iran Nuclear Site – Temporary Panic or Trend Reversal? by hooiyewlim

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· @hooiyewlim ·
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Bitcoin Dips Below $100K After U.S. Airstrike on Iran Nuclear Site – Temporary Panic or Trend Reversal?
![IMG_20250623_072531.jpg](https://images.hive.blog/DQmcWvVLTzyL7mG8bcVqETkbAUMrUUzgMW9LrQzpfub5bnK/IMG_20250623_072531.jpg)


**Technical Analysis (4H Chart):**

1. **Current Price:** \$100,888

2. **Recent Low:** \$98,200 (24H low, marked strong support)

3. **EMA Levels:**

   * EMA(7): \$101,030 – Price currently under short-term trend.
   * EMA(25): \$102,925
   * EMA(99): \$104,868 – Clearly bearish as price is trading well below all EMAs.

4. **Price Action:**

   * A sharp drop occurred after an extended downtrend, hitting \$98,200 before a fast rebound.
   * Current green candle shows a relief bounce but hasn’t reclaimed the 7-EMA yet, indicating the recovery is still fragile.

5. **Volume:**

   * Spike in selling volume during the drop suggests panic-driven sell-off.
   * Follow-up green volume bar indicates some buying interest (possibly bargain hunting).

6. **RSI(6):**

   * 42.49 – Weak but recovering from oversold conditions. No clear bullish divergence yet.

7. **Key Resistance Levels:**

   * \$101,562 (minor), then \$103,459 and \$105,356 (EMA zones).

8. **Key Support:**

   * \$98,200 is a strong short-term support. If broken again, next support could be around \$96,000.

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**Geopolitical Impact:**
The sharp price drop aligns with news of a U.S. airstrike on an Iranian nuclear facility. Such geopolitical shocks typically drive risk-off sentiment in markets. Bitcoin, while sometimes viewed as a safe haven, often reacts with volatility during sudden escalations. The initial panic sell-off suggests short-term traders rushed to safety, but the fast recovery hints at long-term holders buying the dip.

---

**Conclusion:**
**BTC dropped sharply due to geopolitical panic, found strong support at \$98,200, but needs to reclaim short-term EMA levels to confirm recovery. Caution advised until it stabilizes above \$102K.**
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