Key factors:

• Bitcoin sees a snap response to information of direct US involvement within the Israel-Iran battle, dipping under $102,000.

• Merchants word that war-based headlines have acted as a BTC worth springboard up to now.

• Value evaluation suggests {that a} native backside could coincide with order ebook liquidity at round $97,000.

Bitcoin (BTC) risked new month-to-date lows into the June 22 weekly shut as geopolitical threats soured crypto sentiment.

Bitcoin can nonetheless achieve from struggle headlines — Merchants

Information from Cointelegraph Markets Pro and TradingView confirmed BTC/USD falling below $102,000 as US President Donald Trump confirmed strikes on nuclear services in Iran.

Iran, Trump stated throughout a televised address uploaded to Reality Social, “should now make peace” or face further strikes.

Forward of what promised to be a risky open to the Wall Avenue buying and selling week, Bitcoin merchants started contemplating potential BTC worth backside ranges.

“A dump in the direction of $93K-$94K earlier than backside formation and reversal,” fashionable dealer Cas Abbe suggested, including that the low $90,000 zone solely had a “20%-25% probability” of being reached.

Abbe and others referenced occasions in April, when BTC/USD suffered following the announcement of reciprocal US trade tariffs earlier than starting a sustained rebound to new all-time highs.

The struggle is definitely bullish…

2024:
Iran → Israel on April 13
Israel → Iran on April 19$BTC: –18% (first 2 weeks), +28% (subsequent 1.5 months)

2024 (2):
Iran → Israel on October 1
Israel → Iran on October 26$BTC: –10% (1st week), +62% (subsequent 2 months)

2025:
Israel → Iran… pic.twitter.com/Q6IRDlnZ1h

— Xremlin (@0x_gremlin) June 13, 2025

“In 2022, $BTC pumped +42% in 35 days after the Ukraine struggle started. That was deep in a bear market,” fellow dealer Merlijn continued with one other historic geopolitical comparability.

“Now it’s 2025. Conflict fears rise once more. However Bitcoin’s above $100K. And we’re nonetheless in a bull market. What occurs if historical past repeats with extra gas?”

$97,000 BTC worth help in play

With hours till the weekly shut, nonetheless, BTC worth energy nonetheless lacked conviction, leaving a key stage out of attain.

Associated: $112K BTC was not ‘bull market peak’: 5 things to know in Bitcoin this week

“I stay lengthy over $93,500, however keep in mind i actually wish to see the $104,500 maintain for the bulls to stay in management,” dealer Crypto Tony told X followers concerning the problem on the day.

BTC/USD thus remained on the right track for its lowest weekly shut because the begin of Could.

Beforehand, Cointelegraph reported on trade order ebook liquidity, probably offering the primary main help band at round $97,000.

Information from monitoring useful resource CoinGlass confirmed that the realm remained vital on the time of writing.

This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes threat, and readers ought to conduct their very own analysis when making a call.