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Bitcoin Price Prediction: As of now, Bitcoin trades just above $101,300, with immediate resistance at $105,400.
Bitcoin price falls 5% amid Iran-Israel conflict.
Bitcoin Price Prediction: Bitcoin, which had stayed comfortably above the $100,000 mark for weeks, entered a bearish phase over the weekend as escalating geopolitical tensions in the Middle East rattled global markets. For the first time in nearly two months, the price slipped down to the $100,000 level, signaling a shift in momentum amid rising uncertainty.
The drop came after the U.S. backed Israeli strikes on Iran’s nuclear and military facilities under “Operation Rising Lion.” According to CoinMarketCap, Bitcoin was trading at $101,210 at the time of writing, down nearly 5% over the past seven days.
The broader crypto market mirrored this decline, with major altcoins such as Ethereum, XRP, Cardano, Solana, and Dogecoin also registering significant losses. Ethereum, in particular, slipped below $2,200 as spot ETH ETFs recorded their highest monthly outflows. BinanceCoin managed to stay resilient above $600, while tokens like Story and Four defied the trend, surging over 14% and 8%, respectively. Meanwhile, altcoins such as Jito, Mantle, and Render declined over 5-6%.
Himanshu Maradiya, Founder & Chairman, CIFDAQ said After 6 weeks above $100K, Bitcoin has plunged below key support as U.S. strikes on Iran’s nuclear sites spook global markets.
CoinSwitch Markets Desk noted that Bitcoin took initial support around the $98,200 level over the weekend. Analysts said that if Iran escalates the conflict further—especially by threatening to close the Strait of Hormuz—Bitcoin could test deeper support in the $94,000 to $98,000 range. However, the daily chart is also forming a bullish inverse head and shoulders pattern, which could push BTC to $135,000 if tensions ease.
More than $1 billion in crypto positions were liquidated during the weekend, triggering fear in the market, noted CoinDCX Team. Despite the sell-off, institutional investors saw an opportunity. Japanese firm Metaplanet bought 1,111 BTC, Cardone Capital added 1,000 BTC, and MicroStrategy reportedly plans additional purchases. Notably, BlackRock’s spot Bitcoin ETFs scooped up 11,638 BTC this week, against an average mining output of just 3,150 BTC—hinting at a looming supply crunch.
Edul Patel, CEO of Mudrex, said Bitcoin has started to recover, bouncing 3% from weekend lows. He added, “With long-term holders stepping in and short-term traders pulling back, we might be near a market bottom. The $100K level remains a key psychological and technical support.”
As of now, Bitcoin trades just above $101,300, with immediate resistance at $105,400.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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