Bitcoin (BTC) has dropped sharply as geopolitical tensions rise, down to $102,760 as risk assets sell off. The decline follows a major escalation in the Middle East where US military forces struck Iran’s nuclear sites, Fordow, Natanz, and Isfahan, expanding the Israel-Iran conflict.
This geopolitical shock triggered immediate market reactions with investors moving into traditional safe-haven assets like gold and the US dollar. Bitcoin, seen as a speculative asset during times of high volatility, fell 9% from its monthly high of $111,800 to $101,053.
At the time of writing, Bitcoin is at $102,777 with over $47 billion in daily volume.
The risk-off tone intensified after Iranian officials condemned the strikes and threatened retaliation. Iran’s Foreign Minister called for an emergency UN meeting, while Secretary-General António Guterres warned of a situation “getting out of control”. This sent equities and digital assets into a tailspin with BTC leading the way.
Bitcoin Traders Reprice Risk as Bitcoin Falls
The US strikes have deepened global fears of a wider war involving Israel, the US, and Iran. As tensions rose, Israel closed its airspace, Iran threatened key military and nuclear sites in the region and media reports emerged of bunker-buster bombs and Tomahawk missiles used in the operation.
While the IAEA confirmed no radiation leaks, the psychological impact was big. Fears of disruption to global trade, energy markets and long-term regional security sent traders running. Bitcoin’s role as a hedge has again been called into question as it’s behaving like a risk asset during times of global stress.
Monthly Drop: ~8.93% from $111,800 to $102,438 Weekly Loss: Over 2% and still falling Market Cap: $2.04 trillion Circulating Supply: 19.88 million BTCFormer President Donald Trump’s comments saying the strikes were a “big success” only added to the fears of further escalation. With diplomacy stalled and Iran warning of “consequences forever” the crypto market is uncertain.
Unless the political situation stabilizes, Bitcoin will likely continue to underperform as traders reduce risk.
Bitcoin Technical Analysis: Still Cautionary
From a technical perspective, the Bitcoin price prediction remains bearish. The 2-hour chart shows price action stuck in a descending channel with lower highs and lower lows. BTC failed to retest $103,932—the 50-period EMA which is now acting as resistance.
Bitcoin Price Chart – Source: TradingviewA series of small candles at $102,900 indicates indecision, but no bullish reversal patterns, such as a morning star or three white soldiers, have formed to change the trend. Momentum is weak with the MACD signal lines flatlining below zero and the histogram not recovering.
BTC did briefly touch support at $101,478 before bouncing with a long lower wick, so buyers are defending that level for now.
Bitcoin Trade Idea:
Entry: At $102,900 on bearish confirmation (e.g. shooting star or bearish engulfing) Stop-Loss: Above $104,100 Target 1: $101,478 Target 2: $100,451Until price breaks above $104,031 and out of the descending channel the short-term is bearish. Any bounce is likely corrective not a reversal.
Conclusion
Bitcoin’s drop to $102,760 is a sign of investors reducing risk in the Middle East chaos. With macro headwinds getting stronger and no technical confirmation of a bottom, traders should be cautious. A true “buy the dip” opportunity may require a ceasefire or a confirmed break above resistance.
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The post Bitcoin Price Prediction: Already Down, Iran Attacks Send BTC Price to $102,760 – Buy the Dip? appeared first on Cryptonews.
